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GDX trade ideas

GDX stock price forecast timing analysisStock investing strategies AMEX:GDX Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations. Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed from a weak selling flow to a suddenly strengthening selling flow. D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 0.2% (HIGH) ~ -0.4% (LOW), -0.1%(CLOSE) %AVG in case of rising: 1.8% (HIGH) ~ -0.4% (LOW), 1.3% (CLOSE) %AVG in case of falling: 0.5% (HIGH) ~ -1.3% (LOW), -0.8%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMEX:GDXShort
by pretiming
Elliott Wave View: Impulsive Rally in GDXElliott wave view in Gold Miners ETF ($GDX) suggests the pullback to $20.26 ended wave (2). Wave (3) is currently in progress and the internal subdivides as an impulse Elliott Wave structure. Up from $20.26, Wave ((i)) ended at $20.88, wave ((ii)) ended at $20.31 and wave ((iii)) ended at 22.60 peak and wave ((iv)) ended also at 22.16. We can see from the chart below the internal of wave ((i)) and ((iii)) also subdivide as an impulse in lesser degree. We don't like selling $GDX and expect buyers to appear in 3, 7, or 11 swing as far as pivot at $20.28 low stays intact. In larger time frame, if $GDX can break above Feb 21 peak ($23.70), then it should create a bullish sequence from Sept 11, 2018 low opening up more upside.
AMEX:GDXLong
by Elliottwave-Forecast
GDX: Weekly trend activeI like the chart in precious metals and miners as of late. Given the weakness in equities and the options data favoring a decline, I think buying into gold and silver mining might pay off. The $GDX chart shows a weekly Time@Mode trend signal confirmed last week, you can see the boxes that detail the targets it can reach if it doesn't fall below the stop loss on chart. Individual stocks might offer more or less interesting trade setups as well, but the sector ETF is already a good enough proxy for this trade. I leave you with the due diligence required to find good in individual stocks that might rally with this sector here. Best of luck, Ivan Labrie.
AMEX:GDXLong
by IvanLabrie
Gold Miners - Push Up Incoming Welcome back guys, sorry for disappearing for a while, I’ll be post more frequently after June! But in the mean time… here’s what I’m looking at right now. First, let’s acknowledge that trading gold miners have been pretty boring lately given the tight range it’s been stuck in. That’s why I was primarily day trading for the past month to avoid taking overnight risk, aka the battle between negative macro news and Trump trying to bring the sentiment back up by tweeting. Now if you look at the GDX chart, you’ll see that the past 31 days have been forming a symmetrical triangle pattern, meaning a lack of trend either up or down. However, this type of pattern usually represents a large move to either side is highly likely, since large players have been likely accumulating or dumping shares throughout this flat period. This time around, I’m betting that it breaks to the upside. The reasons are as follows: Potential catalysts for Gold and Gold Miners: 1.) GDX is showing very strong upward momentum on the Money Flow Index, which is similar to the RSI except adding in volume. It’s showing that even though prices are not trending, buying pressure is increasing. I see this as bullish in the short term. 2.) Macro news will likely remain negative when considering the EU, therefore positive for gold a. May has to step down, speculation is betting on the next leader to be tougher about Brexit. High potential for an exit without a trade deal to minimize economic impact. b. Economic growth will not likely show a strong reversal anytime soon, given that negative interest rates have done very little to spur growth so far. 3.) Macro news in the US will most likely be neutral. a. Trump will most likely continue to tweet positive hope for deal. He has to calm the markets at least until he’s re-elected. b. Labor market is still showing increasing tightness. However PMI and new home sales have been failing to meet expectations. c. Next round of corporate earnings will not likely be as easy to beat as this first quarter. Since expectations were set extremely low. 4.) Market sentiment has been tough to break recently. With money flowing in to buy up the gap downs. Mainstream media is usually a good place to judge how the general public is feeling, and usually you should be looking for confirmation of the opposite direction of whichever way the news is saying the market will go. Right now I see some positive and some negative, leading me to believe the market will continue to be choppy with no clear direction, which is bullish for gold since uncertainty will maintain a support for safe haven assets. 5.) M&A activity picks up, bullish for miners. (This is probably not likely to happen any time soon, just fun to think about) a. An increase in M&A activity could draw investor attention to this long forgotten sector. All in all, I’m currently long miners with a healthy position in $NUGT. Placing my stop-loss a little more than half a percent below the nearest support. There might be a final push down by the big players to gather liquidity in order to make the breakthrough push upwards.
AMEX:GDXLong
by FireFly450
1
Double bottom forming in Gold Miners $GDX50 EMA crossing down over 200 EMA, 20EMA crossing down over 50EMA - $GDX (Gold and the miners) are going down from here. TTM Squeeze on daily chart so this should be a big move. $GLD $GDXJ $NUGT $JNUG $SLV $JDST $DUST However - since 200ema is flat and double bottom forming on the chart - this week would be a good time to buy back your calls and sell puts. Since this is a daily chart and the move looks large you could buy a straddle at the end of this week.
AMEX:GDX
by JustinBilyj
Trap is set $GDX Miners about to move Reason's $GDX is about to make a move Volatility is coiled - Bollinger Bands have retreated into the Keltner Bands Trend is flat to down on the weekly, daily and hourly chart looking at the 200 EMA 20EMA crossed down over the 50EMA Price retraced to 20EMA My suggestions: 1. Sell Calls 2. Buy Puts (if the premium is there) 3. Sell Spreads 4. Buy 3X ETF and buy a put to make a collar There will probably be another piece of news that the trade deal will get better and gold will get smashed down.
AMEX:GDXShort
by JustinBilyj
Vaneck Vectors ETF: Medium term sell opportunity.GDX has printed a Death Cross (MA50 crossing below the MA200) on a similar trading pattern as in 2016. The RSI price sequence is also identical, indicating that at least one more bearish sequence is due. With MACD turning at -0.277, it is an optimal opportunity to short. Our TP is 19.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
AMEX:GDXShort
by InvestingScope