GDX trade ideas
GDX ENTERING INTO BUY ZONE "shopping in the box"GDX will see another wave down. People are getting too eager to buy this. If you are picking bottoms this sure as hell does not look like the one you should be betting on.
dips almost donelook for a dip entry around 28-30, thats where id start looking for some calls or shares :D its looking pretty red for miners atm though so be careful
GDX Gold miners: looking for 1 more bounce upIn April I thought GDX looked positive and it turned out to be correct (see link below). I still favor we have one more pop up before a possible major correction. Looks like a bull flag now. I close below the flag would be negative. Process your way, Have a great weekend,
Exciting times ahead.. GDXin LIMBO right now
If there is a bigger market pullback.. Expecting #BTFD between 28 ish or 27.50
Otherwise all good and we enter the flag again
GDX LongAt downtrend channel bottom
Touch Demand Zone
Entry 34
Stop 31
Target 45
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Today, I also long GLD, AUY, GOLD, KGC, MUX, NGD, KL; (FNV, SBSW, GFI pending order, NEM was bought last week, RGLD watch only )
Hard time ahead for GDX and GoldOn the chart we see nice 5 wave move down from 2011 till 2016 followed by 61% running flat correction topped in Aug this year. This probably can give us some clue on whether the following Gold price fall is a short term correction or a beginning of a long term down trend. I would bet the latter.
GDX - gold minersThe good news is that we are approaching some serious levels
The bad news is the way we crushed the 200MA
GDX 45 call expiry : jan 2022 cost:2.09$ cmp:33.5 SL: below 31 GDX 45 call
expiry : jan 2022
cost:2.09$
cmp:33.5
SL: below 31
24/nov/2020
GDX Short term DowntrendThe Gold miners index is in downtrend on the daily chart in the short term. With the gold prices moved down the decisive 1800 level the GDX broke down the 200 EMA. On the weekly chart the 100 EMA may act as support at the 30 to 31 level if it further breaks down on the daily chart.
Iron TariHi guys,
As explained in many other ideas I shared, follow the strtaegy, iron condor, strangle, do the maths and enjoy!
Enjoy your wallet!
Tari.
GDX - Crossing 200ma Daily- As gold has be sold back, GDX ETF has worked its way towards the 200ma on the daily.
- I will become interested around the $31.50 level on signs of support.
- No position currently
AMEX:GDX
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
GDX pushing further down to target !As previously observed, analyzed and projected... GDX is going down hard.
There is a current rotation ongoing, and GDX needs to retrace strongly, base out and rotate back in again.
Wait for it...
Miners - does money flow from Big Caps -> Mid Caps -> Juniors..?A quick & dirty examination of the thesis that money always flows from Big caps -> Mid caps -> Juniors.
GDX should have some deadcat bounce from hereGDX should bounce from here, though the intermediate still ahead
Elliott Wave View: GDX Correction Remains in ProgressElliott Wave view in Gold Miners (GDX) suggests the Index is correcting the cycle from March 16, 2020 low. The correction is unfolding as a double three Elliott Wave Structure. In the 60 minutes chart below, we can see wave (X) of this double three ended at $42.05. The Miners have turned lower in wave (Y).
The internal of wave (Y) is unfolding as a zigzag Elliott Wave structure. Down from wave (X) high at $42.05, wave ((i)) ended at $38.03, and bounce in wave ((ii)) ended at $39.24. Index resumes lower in wave ((iii)) towards $37.52, wave ((iv)) ended at $37.87, and wave ((v)) ended at $36.73. This ended wave A of (Y) in higher degree.
Index then bounced in wave B which ended at $38.42. Internal structure of wave B unfolded as a zigzag where wave ((a)) ended at $38.08, wave ((b)) ended at $37.39, and wave ((c)) ended at $38.42. The Gold Miners have extended lower in wave C. Down from wave B high at $38.42, wave ((i)) ended at $37.83 and wave ((ii)) ended at $38.29. Expect a few more lows in the Index to end wave C of (Y) before GDX finds support. A potential support area is 100% – 123.6% Fibonacci extension from August 5, 2020 high which comes at $31.05 – $33.10.
