GDX 15 min 2 March 30th
GDX (Gold Miners ETF) is current trading just above the short-term uptrend line generated off the March 11th lows & is likely to reverse here (primary scenario) or possibly slightly lower at the green horizontal support line that comes in around 18.30. Both GDX & NUGT will be added as official Long Trade ideas (Long Setups & Active Trades) at current levels (GDX 18.48 & NUGT 9.77).
Price targets for both a very short-term bounce trade using NUGT (3x long gold miners ETF) & a typical swing trade (most likely lasting a couple of days to a few weeks) using GDX are listed on this 15 minute chart. The NUGT bounce target would be correlate to a move to the 18.80 area on GDX with the initial swing target on GDX set a few cents below the 19.90ish horizontal resistance (orange line).