GDX - Bull Flag Breakout - Weekly Bullish Trend FlipOn Weekly chart shown, GDX formed a bull flag and is ready for breakout. Price went outside wedge and retested 10WeekMA/outer wedge of triangle - looking good. Buy signal on today's Daily candle. Weekly candle still on buy signal at end of long bearish trend. Weekly rend shows next flip is Bullish. Next Daily trend flip is also Bullish. RSI trend is also forming bullish wedge pattern. Same level as Bull Flag breakout beginning. Gaps to fill (red boxes) line up with 1.618 Fib extension. If SP500 sells off or VIX spikes, then I expect GDX to get bullish. EXITS $34 (top gap fills) RSI over 70 Giant cup formation (pink curved line) can only be seen on 19D chart or greater. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL Longby MoneyPatternsPublished 15
GDX Buy GDX is a clear buy at support with bullish divergence. Happy Trading! AMEX:GDXLongby moglander0419Published 116
GDX vs Golda nice, long term bottoming pattern so far, just need more time?? Short term bearish medium and long term bullish. 2020 should be great!Longby rjtchchPublished 4
$GDX Bullish taregting 29 Resistance 28 Entry 27.25Bullish setup for Uptrend targeting 29 . Resistances 28-28.5 . Stop loss 27 . Best entry at 27.25Longby WinnerTrader99Updated 4
GDX over GDXJ all the time, in every market, forever.$GDX is benefitting from consolidation in the gold miners space which should be expected to continue as companies continue to find ways to manage expenses while exploiting dwindling economic resources. GDX is safer and offers the same upside as $GDXJ. $GDXJ should be used for cherry picking stocks out of when you can find a company with a transformational project or projects. One such company we started buying last December is Coeur Mining $CDE with its Silvertip mine. Get to know the companies you invest in. We are buying GDX on all pullbacks. Support appears to be in the middle $20s and upside is well past $40. by Kirk_SpanoPublished 4
Final Bounce Rally There is an obvious expectation of a final bounce along the down trending support set to propel gold upwards, based upon 3 factors: 1) "Market goes down, Gold goes up", 2) Sentiment surrounding an "inevitable" downturn in the market to come is a powerful proponent, and 3) Chart indicates a high likelihood of a rally in Gold, if the first 2 factors begin to dissuade market climb.Longby DavidgroshongUpdated 6
GDX corrective strcuture higher lines up with GoldHave a great day 04:06by UnknownUnicorn266486Published 1122
Long to 28.36Gold miners in play, watch Gold spot futures before entry. I like GDX this month.Longby TheAmericanTaxpayerUpdated 2
GDX = Miners strong but?But strength feels somewhat fleeting. Between yesterday and today dow is down 700 points and gold is only up $16 for the two days. GDX has broken out of downtrend. RSI and MACD favorable. Still has some room to run but I will post a chart of GLD and show that it has not broken out of its downtrend yet. Do the miners lead the metal or vice versa. We will see but this just doesn't feel like that break out day to me. Maybe miners run until GLD hits resistance of its downtrend channel.Longby BobbySpaPublished 3
GDX; Quick Long OpportunityLooking for mid-term BUY on GDX, fullfilling a few criterias - Supply drying up on the second bottom and notice some DEMAND coming up - Bullish Engulfing Pattern - My Trading Indicator signals a buy above 26.52 Longby JayJJUpdated 6
GDX Breaking OutThe weekly chart for GDX has created a bull flag pattern. The stock is finally breaking out with the market weakness. I am aiming for the $37.30 price level as a potential target but the prior $31.30 level could provide some resistance. Of course, if the market finds strength again then be ready to take your profits on this one quick.Longby ChartimisticPublished 445
Elliott Wave View: GDX Rally Remains CorrectiveShort term Elliott Wave view on Gold Miners ETF (symbol: GDX) suggests it is now correcting cycle from November 1, 2019 high (28.22) as a double three Elliott Wave structure. Decline from November 1 high (28.22) ended wave A at 25.98 as a 5 waves impulse. Wave ((i)) of A ended at 27.65 and bounce in wave ((ii)) of A ended at 28.05. Index then resumed lower in wave ((iii)) of A towards 26.02 and wave ((iv)) of A ended at 26.43. Finally, wave ((v)) of A ended at 25.98. Wave B bounce is now in progress as a double three. Up from 25.98, wave ((w)) ended at 27.50 as a zigzag. Wave (a) of ((w)) ended at 27.09, wave (b) of ((w)) ended at 26.44, and wave (c) of ((w)) ended at 27.50. Wave ((x)) pullback ended at 26.14 and wave ((y)) of B is unfolding as another zigzag. Expect the ETF to find support in short term pullback for further upside to end wave ((y)) of B. Expected area for wave ((y)) of B comes at 27.6 – 28 to end cycle from Nov 12 low before the ETF extends the decline or pullback in 3 waves at least.Shortby Elliottwave-ForecastPublished 6
Sloppy falling wedge and pennant for GDXStill looking bullish for GDX. RSI back above 50, 30/100 MA moving toward crossover... may be a bit early to buy aggressively but the breakout (up) looks to be before EOY.Longby gjhincPublished 5
GDX - Strong Buy - Crossing 10WeekMAGDX buy signal on Daily. About to cross 10WeekMA for strong bullish continuation. Anytime 10Week is crossed we see bullish confirmation (weeks). Trend turned bullish on Filter Dots. Gaps to fill above in the $30's imply over 30% gains from current price. Not sure if we get this high, but bullish trend just starting today/tomorrow. SPY looking to go down soon. VIXY looking to go up. Only makes sense that GDX becomes risk on (as confirmed by the moving average proximity to current price). Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL. Longby MoneyPatternsPublished 6613
GDX - It's time!GDX has been consolidating for almost three months now and has held FIB support. Feels like the turn is coming. Be patient the market will soon make a leg down and gold will start to rise again. Miners are best place to be!Longby BobbySpaPublished 6
GDX - Upside breakout coming?It looks that way to me. RSI up trend just about exhausted and MACD has been indecisive for a while. 26 or so seems to be the line in the sand. I remember when it broke out this summer and took out 25.71 which was the prior peak that started the sideways action that lasted for 15 mos. Just seems like the selling is drying up but that may just be wishful thinking. We are close here. Longby BobbySpaPublished 3
$GDX Gold Miners in bull flag, testing rising channel support. Price should move up from these levels as rising channel support holds and price breaks out of bull flag.by FibLinesPublished 4