VanEck Gold Miners ETFUpdated GDX - Bear Trap
It looks like the correction in gold/gold miners is over and GDX is ready to move higher. On 12/1, GDX broke back above resistance. Bear traps typically result in a big rally as the shorts get squeezed out.
Trade active
Went long today at 35.60Stop loss at 34.75
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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.