SeltyKnight
Long

GDX - False Breakdown Island Reversal

AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
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GDX broke out of it's downtrend channel not too long ago, also important to note that the 10ema crossed over the 20ema which is a bullish indicator. Right now it is trading sideways and consolidating and I am a expecting a move higher in the coming weeks. Anything under 22 would be a gift and stops should be placed if GDX gets back into the downtrend channel or 20ema crosses over the 10ema. Ride Ride the trend and keep it simple!
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