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GDX At Support

GDX 15 minute April 2nd

GDX 15 minute April 2nd

After a huge move yesterday, GDX (Gold Miners ETF) has pulled back to the former resistance, now support level, thereby offering an objective add-on or re-entry. Short-term buy signals remain intact, helping to confirm this add-on, entry or re-entry for those who booked profits yesterday.

Next support around 18.60, which would act as an objective stop level for any shares of GDX or NUGT bought back here (setting the stop slightly below, around 18.55ish).

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Apr 2, 2015 10:39am|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on GDX At Support