DUST (3x short gold miners ETF) will be added as an aggressive long entry (a proxy for a GDX short) with a stop on a 60-minute close above 14.80 (GDX) and a sole profit target at this time of 14.27 (GDX). I may possibly extend this trade & I'm using the GDX charts to define my stops and targets as the charts of the 3x leveraged ETFs are usually skewed as as result of the price decay. (note: please disregard the two lower price targets, T1 & T2. An additional downside target just above the 13.80 level might be added to this trade but 14.27 (GDX) is the sole profit target at this time).
To reiterate, this is an aggressive, counter-trend trade. A trader should pass on trades that do not mesh with their own risk tolerance, trading style or objectives. Also remember to make the proper beta-adjustment to your position size in order to account for the 3x leverage, if trading DUST. GDX (1x, non-leveraged gold miners ETF) can also be shorted in lieu of a DUST long.