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	Comments on: GDX Next Price Target Hit, Reaction Likely 11-12-24	</title>
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	<lastBuildDate>Tue, 12 Nov 2024 18:55:08 +0000</lastBuildDate>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34103</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 18:55:08 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215771#comment-34103</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34100&quot;&gt;AP&lt;/a&gt;.

Sure is so far. I&#039;m continuing to monitor Treasury yields (5, 10, &amp; 30 yr) closely, especially the 10yr including IEF (7-10 yr T-bond ETF), which has just dipped a toe back into my orange zone.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34100">AP</a>.</p>
<p>Sure is so far. I&#8217;m continuing to monitor Treasury yields (5, 10, &#038; 30 yr) closely, especially the 10yr including IEF (7-10 yr T-bond ETF), which has just dipped a toe back into my orange zone.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34102</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 18:52:59 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215771#comment-34102</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34099&quot;&gt;Dkpdkp&lt;/a&gt;.

$VIX has pulled back to the 15ish support zone but back below the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line on this weekly chart. If QQQ gets rejected here at the top of my Market-Top Zone, then $VIX will start to move up, if not, $VIX likely headed to the next support(s) on the weekly chart below.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34099">Dkpdkp</a>.</p>
<p>$VIX has pulled back to the 15ish support zone but back below the <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line on this weekly chart. If QQQ gets rejected here at the top of my Market-Top Zone, then $VIX will start to move up, if not, $VIX likely headed to the next support(s) on the weekly chart below.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34101</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 18:49:25 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34098&quot;&gt;B-Right&lt;/a&gt;.

I&#039;m split on whether we get another major leg down on GDX soon but leaning that way. Depends largely on what gold does from here. I have GLD (gold ETF) trading a hair below the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line I&#039;ve been highlighting although /GC gold futures have fallen to &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line support with positive divergences, increasing the odds for at least one more &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; before the TL is taken out although a solid break &amp; close below, reaction or now, would be bearish. If gold rallies off this trendline, GDX will likely follow. 120m chart of /GC below.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34098">B-Right</a>.</p>
<p>I&#8217;m split on whether we get another major leg down on GDX soon but leaning that way. Depends largely on what gold does from here. I have GLD (gold ETF) trading a hair below the <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line I&#8217;ve been highlighting although /GC gold futures have fallen to <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line support with positive divergences, increasing the odds for at least one more <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> before the TL is taken out although a solid break &#038; close below, reaction or now, would be bearish. If gold rallies off this trendline, GDX will likely follow. 120m chart of /GC below.</p>
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		<title>
		By: AP		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34100</link>

		<dc:creator><![CDATA[AP]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 17:56:01 +0000</pubDate>
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					<description><![CDATA[TNX seems to be fighting the FED. Maybe it will push them for .50 cut on Dec and taking that inflation bait. Would seem almost like prophetic for short thesis]]></description>
			<content:encoded><![CDATA[<p>TNX seems to be fighting the FED. Maybe it will push them for .50 cut on Dec and taking that inflation bait. Would seem almost like prophetic for short thesis</p>
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		<title>
		By: Dkpdkp		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34099</link>

		<dc:creator><![CDATA[Dkpdkp]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 15:28:14 +0000</pubDate>
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					<description><![CDATA[Hi Randy-can you please update the vix? Thx!]]></description>
			<content:encoded><![CDATA[<p>Hi Randy-can you please update the vix? Thx!</p>
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		<title>
		By: B-Right		</title>
		<link>https://rightsideofthechart.com/gdx-next-price-target-hit-reaction-likely-11-12-24/#comment-34098</link>

		<dc:creator><![CDATA[B-Right]]></dc:creator>
		<pubDate>Tue, 12 Nov 2024 14:59:50 +0000</pubDate>
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					<description><![CDATA[Thanks for this trade &lt;a class=&quot;bp-suggestions-mention&quot; href=&quot;https://rightsideofthechart.com/members/rsotc/&quot; rel=&quot;nofollow ugc&quot;&gt;@Rsotc&lt;/a&gt;. I dont believe you have any other target listed below the 36 level. Are you saying there is more downside to GDX here ?]]></description>
			<content:encoded><![CDATA[<p>Thanks for this trade <a class="bp-suggestions-mention" href="https://rightsideofthechart.com/members/rsotc/" rel="nofollow ugc">@Rsotc</a>. I dont believe you have any other target listed below the 36 level. Are you saying there is more downside to GDX here ?</p>
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