GDX trade ideas
Dollar and Precious Metals at Key Turning PointsDollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com
Watch for break above channelLow might be in. Waiting for a close above 22 as confirmation. Indicators oversold.
$GDX chart, extremely Useful if you're in $BTC #CryptoA nice chart, useful also if you're trading #crypto $BTC $LTC $ETH (not for correlation, just because all the markets move the same). At big resistance area right now, pretty clear skies above, support noted below.
Bull Run in Miners!! As you can see GDX has been beaten down for years. Now its time to go long. We just crossed over 21 Month MA. Its bullish at this point and looks like it will hold(as gold is acting very bullish and getting attention from main stream Media). Last time GDX was able to close above 21 Month MA, was June 2017. Heading in to 2008 people where buying gold and selling the dollar and soon as Crisis hit investors sold gold and bought the Dollar. This time the opposite is happening. So expect Gold and Gold Miners outperform everything this time around.
Also another indication is the False Break Down done by institutions. They like to play Bearish Pasterns to load up on stocks without making the price go higher.
/GC and GDX just fininished wave 5gold and gold miners have finished wave 5 at resistance. Price might retrace or go sideways. Watch closely the 0.236 to 0.382 level to initiate longs if you are bullish
Right now is a good opportunity for neutral trade setups: strangles, iron condors.....
I have been mistakenly bearish on equities lately. Hope this one is a better call. Stay safe, traders!
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
