GDX First Price Target Hit for Quick 3% Profit

The GDX (gold miners ETF) Active Long Trade has hit T1 for a quick (less than 2 days) gain of 3% (or 9% for NUGT, which was mentioned as a viable proxy for this trade in the recent gold/GDX video). Consider booking partial or full profits and/or raising your stops if holding out for T2, which remains the final target at this time. Previous & updated 60-minute charts:

Feb 14, 2018 9:46am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |2 Comments


  1. pkm48193 February 14, 2018 10:00 am at 10:00 am

    T2!, T2!, T2!


    • rsotc February 14, 2018 10:14 am at 10:14 am

      T2 quite likely to be hit soon now that the resistance zone in which T1 was set just below has clearly & impulsively been taken out.
      Remember, as per the recent gold/GDX video, GDX has the potential to morph into a “runner” trade with a lot more upside than T2 for the reasons covered in that video. As such, longer-term trend traders & investors might opt to trail or ratchet up stops on GDX vs. booking full profits if/when T2 is hit.
      With that being said, at this time I still plan to close the official trade out at T2 if/when hit.


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