POTENTIAL drop in gold prices after midterms and FOMC tomorrow based on bullishness in the broader indexes and drop in vix. Short GDX via a long position in DUST stop loss at todays high of 19.66 as bearish momentum needs to be confirmed today to hold position tomorrow.
Note
Stop loss set in DUST of 32.68 in case bulls capture the day to lock in gains, may go long if momentum is strong enoughNote
Holding position in case this morning was a bull trapNote
Positive momentum has held going long from 19.36 stop at today's low
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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.