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VanEck Gold Miners ETFVanEck Gold Miners ETFVanEck Gold Miners ETF

VanEck Gold Miners ETF

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VEF5 trade ideas

The $GDX (Gold Miners ETF) is Found Strong SupportWeekly Chart : A very Clumsy Bullish Trend has started in 01/2016, and have been confirmed officially on the Penetration of the MDT (Major Down Trend) in 01/2019. Note the Retest of Both Major Down Trendline and Major Up Trendline which occured on 03/2020 (covid-19 Drop) - Looking Positive. Daily Chart : 31.3 Broke up with a gap and turn from Resistance level to a Support level. Backed up with Rise in Gold Price, i'm Looking for a Penetration of the last Minnor Down Trendline. The Take Profit objective is 40.25
AMEX:GDXLong
by Ido_Havazelet
A little rebound for the Gold Miners perhaps?Long term I'm definitely a gold bug but I have warned repeatedly about near term risk (which I don't think has completely resolved if I'm honest). The market is euphoric but channels are now becoming apparent and lines are being drawn. It's very possible we have a small bounce in miners with the upper channel limits identified as well as some other possible diagonal resistances. Be careful, but a strong opening Monday could mean a quick trade for some easy money can be made.
AMEX:GDXLong
by DanjaZown