VanEck Gold Miners ETFUpdated GDX monthly - breaks out and looks bullish
RSI is in bullish zone, MACD is positive. Much more room to the upside (20% ~ 60%) but limited room to the downside (10% ~ 15%) so from risk/award perspective, it is attractive. I think it might spike fast from this level. IMHO it is a strong buy but do not forget a stop to shield down side risk.
Note
Last week strong uptick confirmed short term uptrend. Price target is still $38. Trading strategy will be buy dips while holding current position.Note
This thing a little volatile but still works. I think $30 level is a good place to accumulate for next jump.
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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.