Long $GDX BreakoutWith gold breaking out a bunch lately this will surely follow it , especialy with a clean breakout of this 30-31 doller level .. easy breakout trade imo.Longby wogtazUpdated 3
GDX just got my attentionI believe the miners are undervalued and stand to do well moving forward. Gold and silver have shown their stability through history and remain solid in my opinion. I see a lot of potential in the miners. (renko blocks are not playable so I'l have to post updates below)Longby gghsusaUpdated 1111
GDX more pain aheadI would think 23.8 is the new area to short. Looks like it is comparable to 2008. Unless easy money comes up, be cautious to a longer term long trade.by Dllew20193
GDXGold miners! The do one thing well: dig their own graves! @huge cost to share holders. by DrSammyX114
GDX - WOW!!When I wrote last night that mining stocks would be ripe for accumulation in my Gold idea I never thought they would give it to you in one day. Complete dislocation in XAU today and stock was being puked up. Its little brother NUGT traded down to 6 and DUST traded to 14. Crazy times!Longby BobbySpa3
GDX - looking for 23.50 zone for potential base/launch areaGDX Looks like need a bit more downside to maybe 23.50 area (c=a in a wave 2 of C) Before we can base and go higher in a 3rd wave of Cby WVS_Stockscreen3
Fundamentals improving - Prices falling anyway = OpportunityIn the short run price action/trend is bearish. We have broken bullish reversed it all and broken below key support. Oil fell through the floor which is good news for Gold Miners because it significantly lowers their cost to mine, oil is way cheaper than in 2016 when GDX peaked at $31 an ounce, simultaneously gold is up around $200 an ounce from 2016 highs. Oil falling = lower cost + Gold rising = higher revenue = bigger net income, dividends and good news for miners. With that being said GDX is falling which is great for us because we understand what the central banks are doing and that Gold/Silver are going through the ceiling. Remember in 2008 GDX fell from $56 to $17 then rose from $17 to $67 that was near the end of the 13 year Gold bull market. But now we are only 4 years in to the Gold bull market up as much as 70% since $1000. All problems in 08 are bigger now.by rjchilia1236
Gold Miners DislocationI have no idea why Gold Miners are being destroyed right now. They should not be highly impacted by Corona Virus. Oil prices are low( low costs for extraction ). Gold prices are high( high profits and dividends ) and on an upward trajectory with central banks printing money. I fully expect gold miners to pop violently once the dust settles in this broad market sell off. Gold Miners are finding themselves as the baby tossed out in the bathwater. Perhaps they are being dragged down by being part of materials sector ETFs? Damn Algos! I wish the SEC would look into Algo trading price manipulation. But hey, it's creating an opportunity for you to get gold miners on the cheap.Longby McCown5
$GDX Clean structure. Hard resistance. Risk of HandlesOne of the cleanest looking charts rn. The real beauty in my opinion. Longby DONTBETHATPERSON6
$GDX almost at target, perhaps Monday peak?This corrective rally may put in one final push up to complete the ascending wedge at point (E), which aligns perfectly with the supply (red line) that should push $GDX down out of the wedge and start (C) leg down of the sell off targeting a lower lowShortby vergun112
Gold ETF Ready To PopUp against resistance, and ready to break through with a bullish RSI an 10/50 ema crossover, and a bullish macd crossover. Notice it's not far from another ATH. Looking for that blue sky breakout :) Longby Ron-V226
I like the miners and the things they mineminers have re-entered my "I'm interested" zone. I think 2020-2021 has very good things ahead for the miners and the things they mine exciting $nugt $dust $gdx $gdxj $jnug $jdst sorry for the ugly chartLongby gghsusaUpdated 9
Gold Miners Buying OpportunityDespite only a 4% selloff we had a 20% drop in Gold Miners what a gift, based on margin calls. The price action on daily charts is already bullish again. Expecting Cup and Handle to play out.Longby rjchilia1237
GDX - support zone3/1/20. GDX 4 hour charts I issued a warning on 2/23/20 of Risk v Reward. At the Friday low, GDX was down a bit more than 20% and NUGT was down a bit more than 50%. I FEEL for all those people who jumped in at the last leg and getting burned but that's how it usually out. Identifying Risk vs Reward and Resistance zone vs Support zone is important. by Successful_Inv_StrategiesUpdated 447
$GDX Bearish signals will drive it down to 22.8 SHORTExtreme bearish indicators supported with bearish candlesticks targeting filling Jun-Gap or 0.62% fib retracemnet Shortby WinnerTrader99Updated 7
GDX - 3 day chartGDX 3 day chart 2/23/20 GDX is nearing a resistance zone. If GDX stops around 32 - 33 area and pulls back to the support zone then I will likely view GDX has a bull market to look forward to for a long term but if GDX extends to the red line around mid 36 area, then pulls back hard, I would view it bearish for GDX. Until now, it's been a fairly easy ride but it's time to buckle up. by Successful_Inv_StrategiesUpdated 113
GDX - Support at Control Line?As a follow up to my many GDX posts, it was rejected hard at the 2016 high around 32 and looks to be trading around the low 27's this morning. The selloff is similar to that of 2016 and there is plenty of room to drop into the next channel as GDX looks to find support and build a base. It's counterpart NUGT is around 27 as well with a similar chart having fallen from 43 just a few days ago. Selling seems exacerbated. Not sure what the next move is from here but sidelined myself earlier in the week and waiting for a good opportunity to re-enter. Own DUST until I can pick a spot to go long. by BobbySpa2