Comments on: GDX Swing Trade Idea 4-2-24 https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/ Stock Trading, Investing & Market Analysis Fri, 07 Jun 2024 18:36:04 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: becky https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/#comment-31465 Wed, 03 Apr 2024 17:24:17 +0000 https://rightsideofthechart.com/?p=213787#comment-31465 Pretty big smile here. Thx for posting. I am sure gold will go parabolic now

]]> By: Beljrc https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/#comment-31459 Wed, 03 Apr 2024 14:51:41 +0000 https://rightsideofthechart.com/?p=213787#comment-31459 Would you mind posting a chart of silver too?

]]> By: rsotc https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/#comment-31457 Tue, 02 Apr 2024 18:54:23 +0000 https://rightsideofthechart.com/?p=213787#comment-31457 In reply to pkm48193.

For sure… the recent breakout in gold to not just new ATH’s but with multiple previous tops around that level going back all the way to 2011 is “super-bullish” until & unless the breakout clearly fails. As of now, just looking for a pullback trade with a max. target of the breakout level (see my 60m chart of GLD I just posted in this comment thread).

]]> By: rsotc https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/#comment-31456 Tue, 02 Apr 2024 18:52:23 +0000 https://rightsideofthechart.com/?p=213787#comment-31456 I’d have more confidence in the GDX pullback trade if the 60m chart of EUR/USD didn’t have pretty big positive divergence although that doesn’t guarantee a rally in EUR/USD (which would be net bullish for gold & the miners) but here’s my 60m chart of GLD with potential targets, should these negative divergences play out for a tradable pullback in gold & GDX.

]]> By: pkm48193 https://rightsideofthechart.com/gdx-swing-trade-idea-4-2-24/#comment-31455 Tue, 02 Apr 2024 17:29:35 +0000 https://rightsideofthechart.com/?p=213787#comment-31455 Gold has been moving counter to the normal way is reacts to the dollar. Gold has been going up in spite of the DXY climbing. Gold just broke out of a long term symmetrical triangle and silver is about to do the same. This might be a good swing trade, but long term gold is projecting a target in the mid to high 2000’s.

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