The breakout that I was looking for on GDX (Gold Miners ETF) has now been confirmed with two consecutive candlestick closes above the 22.50 level. I’ve added a few interim resistance/target levels to this updated 15 minute chart although my primary swing target remains the top of the thin zone. As always, my price targets are set slightly below the actual resistance level to help assure a fill should the trade reverse just shy of resistance (which is sometimes the case when too many eyes are targeting the same level). I plan to post some additional gold & silver mining stock trade ideas and may suppress email notifications on those which are not currently up against resistance or the entry point. Updated 15 minute GDX chart below.
GDX 60 minute June 5th