VanEck Gold Miners ETF
Long
Zaktualizowano

GDX Long Idea

522
Well 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.
Uwaga
The chart for DUST (inverse miners) would indicate that a drop is in order. A drop in DUST would be positive for GDX and NUGT. Just have to watch that there is no breakout higher.
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Uwaga
DUST looks to be forming a Gartley Harmonic Pattern. This would also be positive for miners.
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Uwaga
Another H&S pattern playing out on a shorter time frame. Gold may dip here before a bigger run higher.
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Uwaga
Alternate bull flag forming for a move higher.
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Zlecenie zamknięto ręcznie
Uwaga
Im still holding this one. The H&S still intact.
Uwaga
snapshot
Uwaga
US Dollar pushing higher. Looking at the hourly chart, trend line break and higher highs. Looks like the H&S pattern is failing, and a bull flag AB=CD pattern may emerge.
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Uwaga
Getting there..........
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Uwaga
I think we roll over and go lower from here.
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