GDX looking to lift off!?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!Longby BobbySpa3
GDX target tested with Harmonics Patterns- 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 patternsLongby tonyqs87Updated 4
GDX floor intact? 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.Longby DeadDeedz1110
OPENING: GDX SEPT 21ST 19 LONG/MARCH 29TH 22 SHORT PUT DIAGONAL... for a .03/contract credit. Another small, defined risk neutral to bullish assumption directional a la the XOP diagonal I just put on. (See Post Below). As with the XOP trade, shooting for the long maintaining at least 50% of its value at expiry of the shortie at or near worthless or (alternatively) its value exceeding the value of the shortie by .32/contract at some point.by NaughtyPinesUpdated 7
GDX-MGDX 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.Longby BigToke3
GDX trajectory UpdateI 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.by NH2115
GDX bottom but see lower lowGDX has 2-3 months cycle and current price is supported by lower end of the BOX. GDX would rebound soon but Strong Dollar will depress GOLD and GDX soon. Be patient for next short opportunity within two seeks.Shortby KaibaraYuzanUpdated 1
GDX Long IdeaWell 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. Longby bhoweUpdated 4
GDXCompleted AB=CD Pattern and expected to move up if volume remains bullish. Sell at 24.4.Longby fatimaicabc2
Where is GDX Going?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.by NH2339
Long (GDX) Opportunity - Contrarian?Gold has been an under-performer in the uncertain global markets However, structurally long $GDX offers significant upside We have outlined trade which can be accessed on profile however a summary is provided -2 Month Call skew 2.22 standard deviations above its 1 year mean -2 Month implied volatility is near mid-range (64th percentile over the last year) -GDX is a leveraged play against global central banks falling behind the inflation curve -COT report shows that gold producers have been getting longer Interested in all thoughts & analysis on our idea.by Quantamize111