GDX 15 minute March 31st
GDX is now approaching the 18.30 horizontal support level, offering an objective add-on or new long entry. Dotted yellow lines show GDX falling to support within a bullish falling wedge pattern complete with positive divergences in place. Suggested stops would be calculated using a 3:1 R/R to one’s preferred target (bounce trade to the GDX 18.80 area using NUGT or a swing trade to the 19.90ish area using GDX).