GDX showing bearish signs! many rejections off this resistance zone, be careful if long! lower high after a double top.. very bearish signs IMO. targeting 37.66-36.75-35.68Shortby Vibranium_CapitalPublished 7712
GDX 2hr - Zooming in on the daily lookDialing in to the 2hr chart, GDX continues to demonstrate a bullish stature... Looking for $52 - $54 range to cap off (5) of circle 3... with extension to 1.618 toward $59 as a possiblility. Metals can often extend in very bullish markets. GDX should remain above $35 near term, with $33.50 as my line in the sand.Longby faronfPublished 0
GDX macro look... Would not short this...Gold charts are tricky right now, but examining the miners, we see a much larger bullish trend that portends higher.Longby faronfPublished 0
GDX: Room for MoreFor GDX, there is still room for more upwards movement! As the ETF has only touched the blue zone between $39.30 and $43.86 so far, we expect it to go for it again and more firmly this time, crossing even the resistance at $40.13. After it has finished wave (b) in blue in the blue zone, GDX should rattle down through the support at $28.83 and into the magenta zone between $27.49 and $19.52, where it should complete wave (c) in blue as well as wave ii in magenta. Then, GDX should turn around and move upwards, heading for new highs above the resistance at $40.13. However, there is still a 30% chance that the price might not rise from the magenta zone but could fall through it and below the support at $16.18 instead.by MarketIntelPublished 110
GDX - Gold miners to outperformGDX relative to SPX looks like it is bottoming - note RSI divergence the last several months plus huge support at recent lows on relative chart going back a few years. It seems to me that GDX (gold miners) are probably going to significantly outperform the overall market in the months and quarters ahead. I am stepping into some selective longs looking for alpha.Longby WVS_StockscreenUpdated 113
GDX - Ready to Fly?Looks like GDX is ready to move up out of the channel depicted by the green line. Some work may need to be done in this area to get thru , but with the war, rising inflation and other macroeconomics factors it wouldn't take much to send this stock to new highs. Watching and waiting patiently for entry. NEM holds the key. by BobbySpaPublished 112
GDX LOOKING FOR A MOVE UPWARDSAs the title indicates, I'm looking for another decent-sized move in precious metals. The war in Ukraine, bitcoin gaining support from more and more regulators, climate change/green energy initiative and the oil crisis (if there is one) are all serious things that could put a lot of pressure on the U.S. dollar. I like gold better than cryptocurrencies that are likely to be very volatile and uncertain. Gold has been around for thousands of years for a reason. A sharp rise in gold prices are to be expected, but when have we ever witnessed gold losing 30% overnight? The answer is never. Seeing a return from an investment in gold is all about timing. Obviously you don't want to be invested to heavily in gold when the equities are performing real well. On the other hand, when the market is uncertain it's good place to go. GDXJ, GLD.. my bullish stance is on the metals market, silver and fuel metals like uranium and lithium, of course NICKEL!!!! Palladium seems to be doing well also. Good Luck!Longby DontSlamTheDoorPublished 332
$GDX Gold Miners WeeklyGDX weekly nice chart with Triangle breakout and volume increasing with MACD opening up all implying more room to the upside. I'm in April 35/40 debit spreads and looking for 40 as the first price target. XME (metals) Gold Silver all appear to be ready to make a bull run, keep these on your watchlist especially with some weakness still in the equities market. Longby FriscoTradesPublished 1
GDX BullishGDX Daily Timeframe. -GDX has successfully closed above the falling wedge pattern which has been formed since 6th August 2020. Thus, this would be a potential continuation of its major bullish trend. -In smaller timeframe, both H4 & H1, GDX also formed a double bottom with the neckline in $35 price range. -Bullish divergence is clearly presented in daily timeframe (MACD). -The rising market uncertainty from Russia's invasion towards Ukraine affects investors and market makers to secure their money in safe haven assets such as gold and other commodities.' -Overall view : Bullish with the following resistance in $40, $42 & $45.8Longby maplethecorgiPublished 1
Decade of GDX Channels"Market Memory" is illustrated well in the long-term support and resistance lines of GDXEducationby mudguts222jbPublished 1
GDX Nice breakout here so farGold and miners might be finally ready to make a run with a nice breakout of resistance line here. MACD showing bullish confluence and 9/20 moving average cross I'm long april 35/40 debit spreadsLongby FriscoTradesPublished 553
GDX... Launched!The Gold miners ETF had a clear launch over the last two weeks, amidst the build up of the global events in Europe. The Weekly chart has a sustained double breakout of a short term trendline, and the weekly 55EMA. The technicals (MACD and RPM) are very supportive, crossing upwards and into bullish territory. The Daily chart shows the past two weeks developments, nothing short of being impressive and decisive. An immediate term resistance is seen, but am optimistic that the Gold miners have launched from the base low, at long last. As previously mentioned... Gold prices have since moved significantly to above 1900, and equites are on the rise. This are supportive of the GDX. Currently, a slightly stronger USD is disregarded and off set by the previous two. GDX has since moved up 10% and is slated for much for upside, way above 40 IMHO. Projections in a later following post...Longby AuguraltraderPublished 220
GDX US - close to mid-term signalgold miners are due to testing very stron resilince level: trend line and important peakby KrzysztofStepienPublished 0
$GDXAs paper money inflates and loses value gold prices rise. CHART LEGEND: white dashed lines = bull/bear takeovers blue lines = call targets yellow lines = put targets red line = danger zone orange lines = trend lines green lines = safe zone any other lines add will be discussed with the ticker AMEX:GDXLongby RiskitpaidPublished 0
Long DUSTAs GDXJ reaches its resistances, shorting the miners in a long DUST position for the short term. The narrative is strong for a continuation in GDX due to inflation, but expecting headwinds in GDXJ approaching rate hikes. Mainly a reversion to the mean play on oversold GDXJ. Long DUST at $14.85.Longby DannyFossPublished 3
Waiting for its moment to shine (GDX)- Convergence process for gold miners (GDX) took place for about 2 years - Rising inflation (CPI 7.5%) and potential warfare (Russia-Ukraine) made the stage ready for precious metals to shine - The breakout setup is ready with the pivot point at 34 by marketfellowUpdated 0
GDX LONG, MASSIVE MONTHLY BULL FLAG = Target $58.40This is a MASSIVE Monthly BULL FLAG (Blue). After breaking down this massive trend channel GDX has recovered and is now breaking back into the huge UPTREND Price channel while MACD is remaining above ZERO. I realize the month is not over yet but when you are struggling to find places to put your money when the stock market is retracing this would be my next trade. Also with the Gold chart looking better each day and that GLD Trade I posted going so well this would be the place to add to that exposure with more upside potential. Long at OPEN tomorrow. Target = height of the flag pole putting us at $58.40Longby eganon69Updated 4
$GDX breakout! Buy on any dip (4/5)Conviction: 4/5 This is one of the two breakouts that we've been waiting for since May 2021. Buy on dip (possible retested yesterday already) on the horizontal dash line around 31.81. Need to wait for breakout of resistance line since August 2020 to fully confirm breakout. However, Gold seems to have already broken out... so seems like just a matter of time. Longby asdf098Updated 0
long goldLooks like we have a bullish reversal and also hit the demands zone looking to see it to supply zone this week.Longby ekn23Published 1
GDX about to break out?It has been many fake outs, but yet again, the GDX is attempting to break out, one that starts with a nice long bullish marubozu type of candle on both the weekly and daily chart. The weekly chart had a gap and run marubozu, with MACD turning upwards but not yet in bullish territory, nor clear of the 55EMA. The daily chart had a decent long bullish candle that is supported by the technical indicators. What needs to happen over the following week is a proper breakout and sustaining above resistance turned support levels. by AuguraltraderPublished 2
GDX - gold miners on the brink of a massive breakoutGDX is testing this downtrend line which has held price lower since May 2021... With recent news on the Russian invasion of Ukraine pushing up the price of Gold, gold bulls are licking their lips for a breakout. Further news on this event could be the catalyst for a blast off. Watch closely for a close and break above this significant resistance which could send gold miners much higher from hereLongby MarcoOlevanoPublished 442
Does anyone know some good gold mines ? 😂📀I just have a slight suspicion that this time the gold price will not find its way up on its own, but with the help of renewed demand for gold and silver mines. A possible factor in this regard could be worsening economic news, which should provide the impetus for the next big rally. One of the reasons I would consider gold and silver as one investment through 2023. What is your opinion on the topic? 🕵️♂️Longby Heinisch_2108Published 2
Three Falling Peaks On The Gold Miners ETFThe Gold Miners don't look like they are setting up to have a very good time as they have made Three Consecutive Lower Highs and have penetrated the line of support it's been holding. Just from looking at this pattern and how we are trading in between the 55 and 200 week Moving Averages and Preparing a Weekly Death Cross it would seem that it is setting up for a +40% Decline in the near future so long as it continues to make Lower Highs.Shortby RizeSenpaiPublished 113