GDX trade ideas
GDX : shorting via DUST (till Feb 5/6)so, a rising wedge...either back to lower limit or down to target... but down! also inline with periodicity data.
GDX: Deja VuSeems we are moving in a longer trend periodicity wave... Won't break now the 21, but looks promising till mid December
GDX top forming?It looks like GDX is top forming either as red iv or blue w1.
Time for Risk vs Reward evaluation
Gold Miners bottom Christmas 2020 via momentum modelI entered GDX & SLV data into my models today (eue-te.wb) and found that both daily models suggest that Christmas 2020 will be the next optimal buy point for the precious metals & miners.
brschultz aka markettimer777
GDX Long idea?After completing the AB=CD pattern, GDX looks ready to go long again. We just had a very common 38.2% FiBo pullback. The MACD is oversold, and the TSI is crossing over zero. This is a 4 hr chart. However the volume appears to be dropping.
VANECK VECTORS GOLD MINERS ETF (GDX): Pivot, Support, ResistenceFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
VANECK VECTORS GOLD MINERS ETF (GDX): All The Pivots, Supports & Resistences
Short GDX interim looking 4x long entry around 19.50 summer 2019Relief Rally +TA pressure against Gold is going to dampen this multi-month support and rally
Short here down to 19.00-19.50 where +year longs can be opened
late 2019-2020 geopolitical uncertainty and third top for the bull market will fuel the bounce
Gold and Miners Headed HigherGold has broken the downward resistance line indicating an upleg up in Gold and Miners.
Short GDX, Gold. Hitting $1280 resistanceShort GDX, Gold. Hitting $1280 previous resistance, 50% Fibonacci level. $GDX has hit resistance and cannot close above $21. Sold my nugt from 2 weeks ago. Now bought 1/3 of $dust for swing. January, markets may rebound, so metals go down. Will wait and see, Happy new year!
Worth a watch on gdx mid 20's?Mid 20's been major support/resistance for a while..worth a watch or stab with stops...could be a whoosh and pop as well..so set alarms and watch level
Canary Just Died. Time to Take the Money and Run!..Prices have rallied back to the bottom of the (b) wave triangle/pennant and are getting ready to trade down to complete the Zig – Zag Correction started from the August 2016 highs.
The factors supporting this are a full Elliott Wave count (a, b, c). There is a Long, Angry Enveloping Dark Cloud Red Candle at the recent top. Price is also still trading below the 200 day moving average, thus the trend is still down. If you’ve traded this rally from the September bottom, now would be a good time to take profits.
The blue c wave down should consist of five waves with a target around $10 established by the prior (a) wave. Though I listed this as a Short Idea, I don’t recommend anybody actually short this. The Fundamentals are such on the Gold Miners that they are a screaming steal, and anybody in their right mind should be accumulating them to hold for a long term rally potentially of tremendous size…
GDX crossroads$nugt $dust $jnug $jdst
Prepare for a jolt- I'm currently out of gold and miners. I don't like it here. pivotal with bearish looking divergence. It will be interesting if it breaks out.
gdxsvapo oversold, divergent top will be when it retests inside on second try only if price continues higher otherwise reversal at hand.
gold heating upbreaking out here on rising volume the past few months. Holding March 22C's $GLD $SLV $ABX
$GDX $NUGT $JNUG Short play - Is this where you want to go long?I rarely post two charts in a day but this one seemed pretty good. Self explanatory chart, Classic support turned resistance. I also see divergence between the price of gold and the gold miners, with gold not moving at resistance and GDX pushing up. I think that signals GDX is over extended. I can update it later to put more detail if needed. Short/sell at the Red rectangle, cover at the green ones.
Keep in mind this is 2016-2018, seems pretty solid. If you agree/disagree leave a comment.
Update: Forgot to add there's a trendline we're hitting if you connect Jan 23 2018, July 10 2018, and now. That's lot of resistance signals in one place.
GDX - Breaking out of Wedge and CloudLong on GLD and SLV, global market blood bath continues unabated and now USA joining in...
