damoonmotamedi

GDX - GDX is not following GLD

Long
AMEX:GDX   VanEck Gold Miners ETF
1
Gold is down 0.85% and GDX is forming bottom (in 15 minutes chart it is forming a nice bull flag).
I was expecting a rebound of the uptrend line but after it pierce the line it went down (probably stop orders were triggered).
Trade with caution!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.