GDX: Time at mode uptrend with two targets

已更新
GDX has traced a nice accumulation pattern, after the monthly downtrend expired in September 2015.
It's currently confirming a time at mode uptrend which aims for two possible targets, 23.21 and 30.67.
Considering the monthly downtrend mode resistance sits at 23.89, the first target seems way more likely to get hit.

I'm long from a discretionary entry I took a day ago, but you can enter either now, or on a slight retracement, with stops under 19.51.
Good luck if taking this trade.

Cheers,

Ivan Labrie.
注释
快照

GDX might outperform gold by 10 to 30%.
注释
Good progress so far, I'm in from 20.72.
Let's see how far it goes.
交易结束:到达目标
Target #1 hit, if it retraces we might be able to go long again.
I'd tread carefully, considering where gold is sitting currently.
交易开始
Retracement came, long again.
交易结束:到达目标
Boom, nice dip buying right here guys.
交易开始
Taking a short miners, long GLD pair trade is wise.
GDXGLDGoldminersrgmovtimeatmodeXAUUSD

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