GDX - ready to break out ?GDX is bullish against the last low. Same for GDXJ. There's no sure thing - you trade what's in front of you. by Successful_Inv_Strategies4
gdx SOLD put 33 35days jan15 .75$ cmp 35 11decgdx SOLD put 33 35days jan15 .75$ cmp 35 11decLongby financial_freedom_with_guna1
Price rejection, possible move lowerMay continue down to major price support line. lets hope this is the last one. Shortby SewellBrokerage0
Elliott Wave View: GDX Ended Correction and Ready to Resume HighElliott Wave view in $GDX suggests that the Gold Miner Index ended cycle from March low in wave ((2)) at 33.16. The Index has turned higher again in wave ((3)) with the internal unfolding as an impulse Elliott Wave structure. Gold Miners still need to break above previous wave ((1)) high on August 5 at 45.78 to avoid a double correction. Up from wave ((2)) low at 33.16, wave ((i)) ended at 34.5 and wave ((ii)) pullback ended at 33.35. Gold Miners then extended higher again in wave ((iii)) towards 36.07, and pullback in wave ((iv)) ended at 35.7. Final leg higher in wave ((v)) ended at 36.4 and this completed wave 1 in higher degree. The Index then corrected cycle from November 24 low and ended wave 2 at 34.87. Internal of wave 2 unfolded as a double three structure where wave ((w)) ended at 35.23, wave ((x)) ended at 35.81, and wave ((y)) ended at 34.87. Up from wave 2 low, wave ((i)) ended at 36.92. Expect wave ((ii)) pullback to stay above wave 2 at 34.87, but more importantly above 33.16. As far as pivot at 33.16 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside. Potential short term target higher is 100% – 123.6% Fibonacci extension from November 24 low at 38.09 – 38.86.by Elliottwave-Forecast113
GDX - GOLD MINERS ETF- After dipping under the 200 day moving average, buyers have bid the price back up and the share is poised to continue its up trend. - Stochastics moving off oversold - Major support area at $31.34 - This zone can continue to be tested and consolidate before making a new leg so i will be scaling into a trade . - Current fundamentals regarding stimulus / dollar will have a major role to play for the gold price -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-Dan2
GDX - Bear TrapIt looks like the correction in gold/gold miners is over and GDX is ready to move higher. On 12/1, GDX broke back above resistance. Bear traps typically result in a big rally as the shorts get squeezed out.by fissh_Updated 1
GDX: another push down GDX is likely getting the last leg down before the big uptrend resume! Shortby Snowlotus1
GDX ENTERING INTO BUY ZONE "shopping in the box"GDX will see another wave down. People are getting too eager to buy this. If you are picking bottoms this sure as hell does not look like the one you should be betting on. Shortby arama-nuggetrouble1
Watching 👀3 days up, while gold is going down; buy signal on volume finally fired today.Longby AlexWe1992333
dips almost donelook for a dip entry around 28-30, thats where id start looking for some calls or shares :D its looking pretty red for miners atm though so be carefulby Vibranium_Capital34
GDX Gold miners: looking for 1 more bounce upIn April I thought GDX looked positive and it turned out to be correct (see link below). I still favor we have one more pop up before a possible major correction. Looks like a bull flag now. I close below the flag would be negative. Process your way, Have a great weekend,Longby goodguyUpdated 1
Exciting times ahead.. GDXin LIMBO right now If there is a bigger market pullback.. Expecting #BTFD between 28 ish or 27.50 Otherwise all good and we enter the flag againby TonyStonk1
GDX LongAt downtrend channel bottom Touch Demand Zone Entry 34 Stop 31 Target 45 I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate. Today, I also long GLD, AUY, GOLD, KGC, MUX, NGD, KL; (FNV, SBSW, GFI pending order, NEM was bought last week, RGLD watch only ) Longby PlanTradePlanMMUpdated 333
Hard time ahead for GDX and GoldOn the chart we see nice 5 wave move down from 2011 till 2016 followed by 61% running flat correction topped in Aug this year. This probably can give us some clue on whether the following Gold price fall is a short term correction or a beginning of a long term down trend. I would bet the latter.Shortby Kupitman1
GDX - gold minersThe good news is that we are approaching some serious levels The bad news is the way we crushed the 200MA by TheMarketDog20
GDX 45 call expiry : jan 2022 cost:2.09$ cmp:33.5 SL: below 31 GDX 45 call expiry : jan 2022 cost:2.09$ cmp:33.5 SL: below 31 24/nov/2020Longby financial_freedom_with_guna0
GDX Short term DowntrendThe Gold miners index is in downtrend on the daily chart in the short term. With the gold prices moved down the decisive 1800 level the GDX broke down the 200 EMA. On the weekly chart the 100 EMA may act as support at the 30 to 31 level if it further breaks down on the daily chart. Shortby vipasa7731
Iron TariHi guys, As explained in many other ideas I shared, follow the strtaegy, iron condor, strangle, do the maths and enjoy! Enjoy your wallet! Tari. by TARITRADEUpdated 1