The GDX (Gold Miners ETF) active long swing trade has hit the first price target, T1 at 19.39, for a 7.3% total gain (a 5.8% beta-adjusted gain factoring in the 0.80 suggested beta-adjusted position size).
GDX 60-min Oct 11th
Consider booking partial or full profits and/or raising your stops if holding out for T2 or T3. With gold futures breaking above the 1213 resistance level today plus the fact that GDX has now broken out above the recently highlighted Inverse Head & Shoulders pattern on the daily time frame, the odds for a continued rally up to T2 or T3 have increased considerably today.
While the odds for a reaction on the initial tag of each price target of the trade ideas are decent, this trade still looks fine at this time with the odds favoring any reaction off T1 most likely being minor, if any.