Reason's 
GDX is about to make a move
My suggestions:
1. Sell Calls
2. Buy Puts (if the premium is there)
3. Sell Spreads
4. Buy 3X ETF and buy a put to make a collar
There will probably be another piece of news that the trade deal will get better and gold will get smashed down.
GDX is about to make a move- Volatility is coiled - Bollinger Bands have retreated into the Keltner Bands
Trend is flat to down on the weekly, daily and hourly chart looking at the 200 EMA
20EMA crossed down over the 50EMA
Price retraced to 20EMA
My suggestions:
1. Sell Calls
2. Buy Puts (if the premium is there)
3. Sell Spreads
4. Buy 3X ETF and buy a put to make a collar
There will probably be another piece of news that the trade deal will get better and gold will get smashed down.
Note
50 EMA and 200 EMA just touched which means it's a potential death-cross. Time to buy a straddle if you're not sure where it's going....but it's going!Note
twitter.com/JustinBilyj/status/1133356895232811008?s=2050ema crossing down over the 200ema and 20ema crossing down over the 50ema = bad news for gold and miners!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.