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GDX Swing Trade Idea

GDX (Gold Miners ETF) offer an objective entry on this break above the downtrend line off February 2nd lows & will be added as an Active Long Swing Trade around current levels. The price targets are T1 at 22.17 & T2 at 22.92 with the potential for additional price targets to be added, depending on how the charts of GDX, gold & the US Dollar develop going forward. The suggested stop is any move below 21.10 & the suggested beta-adjusted position size is 1.0. The outlook & case for a rally soon in GDX was covered extensively in this video posted last night. 60-minute chart below.

GDX 60-min Feb 12th

GDX 60-min Feb 12th

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Feb 12, 2018 9:46am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |0 Comments

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