VANECK VECTORS GOLD MINERS ETF

AMEX:​GDX

This a continuation of a trade that started as a put side net credit diagonal. With the underlying chopping along nicely in a fairly tight range, I figured I'd add a short call aspect to beef up the credit received on roll, increase theta, as well as to smooth out/neutralize the delta in the setup. For lack of a better label, it's basically a "Calendarized Iron ...

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What do you think about this setup?

The GDX-is a basket of gold-miners stocks. I looked at some of these on an individual basis.... Most did not indicate any gold-rally just yet. If the GDX-improves, I would play the gold-rally via the gold-miners because they rise faster than the metal. I hope these five charts give you some perspective of different aspects of the gold--metals--gold miners ...

Hey all I am seeing this set-up on a lot of miner charts and the underlying medals. I am new to trading and would be curious about this symmetrical pattern (flag?) and how it is typically resolved based on the volume and other indicators I have included. Thanks

Well here we go again. GDX is at the lower side of the trading box. A buy here with a stop directly below should produce a good risk reward trade. It won't be a straight line higher, but could reach the top of the box eventually.

GDX has been in a very narrow trading range for some time now with very clear support and resistance. All indicators looking like an upside breakout. I believe that patience is the key. Happy Trading!

Boom...

- as previous idea of DUST failed to break up, GDX is going to increase, HOW important STOP is! - Pink one told us it was a good entry at the triangle bottom which I ignored previously - Harmonics Patterns (Blue and Orange) tells us 2 resistance prices (targets) with 2 Bat patterns

Big picture trend lines

If miners are the leverage play on gold and golds about to tank then why is someone have/been setting the floor on gdx for a long time....selling puts at the lows has paid handsomely and soon we'll find out if the buying is real.

GDX monthly. AB impulse followed by corrective B-C retrace has me interested in the long side of this market. Long the Jan19 14 strike calls.

I was a little early on this one. Volume below says there is still support for the thesis. Chop first then go in time. This week likely more chop waiting for NFP.

Whether we break up or down, I expect a move of about $4.82. High-side target of $30, low-side of $16.

Turning time

Based on volume I would say a bounce to channel highs in time.

Completed AB=CD Pattern and expected to move up if volume remains bullish. Sell at 24.4.

Double bottom forming base of W. Huge volume at lows (somebody wants this thing at lows when retail is selling). Build confidence, break it down and shake weak hands. Then... Up, up, and away. Also lines up with the Gold chart.