VANECK VECTORS ETF TRUST

GDX NYSE ARCA & MKT

TheTradingDog-real

GDX continues its way down Some interesting potential H&S forming

DailyChartist

GDX's downtrend has cast a shadow over gold's price and last week we saw a determined continuation of the downtrend for the Vaneck ETF. The ETF's price broke through the support with an average volume of 26.52M for Friday's trading session and buyers made no attempt to by the dip. We've closed with full-body under the support and below the $36 level. In the days...

SchalkLouw

Strong short-term support level broken on Friday, indicating that further possible downside ahead. Should Friday’s break not turn out to be a false break, could see GDX test previous support level at $32.20. We also saw the short-term 8-day Moving Average (EMA) break below the longer-term 200-day EMA, which is a clear indication that it might just get a bit...

goodguy

Since the last posting there was one more drop of the to close one of those "nasty" gaps that Mr.(or Ms) Chart seems to hate to leave open. Would not be surprised to see rise from here. Process your way. For target see previous post with link below . Take care.

brightfutures83

GDX Breaking down towards historic support at 29.5 USD (61.8 retracement)

Snowlotus

buy GDX

hillbilly250

will the bowl/channel hold or down to support??? Just some targets..

NaughtyPines

... for a .60/contract credit. Notes: With 30-day at 36.7% and expiry-specific at 39.2%, opening a 19 delta short put with a 30.40 break even in the March monthly, since I've already got some on in February. 1.97% ROC as a function of notional risk. Will run to approaching worthless and/or roll out if in-the-money or take assignment/sell call against...

Auguraltrader

GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant...

adelattiapro

wait for the engulfing candle to be completed then go long

mercifulCake82600

kommer å henter prosentene mine etter at jeg har byttet identitet

Golden_Oracle

Price and rsi trends have hit the bottom channel. Should move up to the top now. Could also accumulate along the bottom trendline for a few days before moving to the top.

Auguraltrader

A month ago, the GDX gapped up above the 55EMA to break a downtrending cycle. But it was not sustainable, as previously observed. This week saw the concomitant plummet, alongside Gold, which closed the previous Gap Up with a Gap Down, bringing the week closure below the 55EMA. This is a failed breakout. Technicals support this bearish turn of events, with the...

TradingMavericks

During the last three-month trading period, the VanEck Vectors Gold Miners ETF (GDX) has generated net inflows of 731.35 million. More importantly, we can see that the greatest selling pressures emerged after the Pfizer vaccine news was released on November 9th. This suggests that the market is simply undergoing a temporary reaction to a news event and that...

NaughtyPines

... for a .42/contract credit. Notes: I have a smidge of SLV and GLD on, but didn't want to add to my GLD due to its crappy 30-day, and SLV drives me nuts somewhat with its lack of strike to strike granularity, so hitting the miners with a small position with a 30-day at 43.9% and its expiry-specific at 42.7%. 1.29% ROC at max; 10.5% annualized.

Golden_Oracle

But its January. So watch out for breakout above trendlines...

DailyChartist

RSI above 50, MACD still with a positive upward slope, as well as a rising histogram. Runaway gap from Yesterday made with a big volume spike and wasn't tested nor covered. An eventual test of the gap would be an additional bullish confirmation, but depending on gold's price that may be skipped.