GXC and GDX beaten downThese two ETFs are of some interest as they have been beaten down rather hard of late. More downside risk prevail, but just markign out the potential buy zones to look out for over the next few weeks. Let us see how this pans out...by Auguraltrader3
GDX breakdownWhen Gold and equities are not doing well, and the USD is spiking, little is left for the Gold Miners to rally on. Looks like it is going to take out the last low... HODL!by Auguraltrader3
Computers vs. Humans Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price and volume. In the U.S. stock market and many other developed financial markets, about 70-80 percent of overall trading volume is generated through algorithmic trading. The increasing effect of Algorithmic Trading. Example 1: Unusual correlation between the GDX and COMEX Sl1 Silver Futures. Even if the price of spot Gold ascends; the share price of the Gold Mining stocks tend not to move until the spot Silver price increases. by Samurai-X221
$GDX $GDXJ looking weak ($GOLD)I can see many people are still defending on the gold drop recently and hopeful that it will go towards ATH again. Think again, what's the value of gold based on ? Sentiments !!! and also they think it hedges against inflation. Well, inflation is truly here but it's not a problem. Central banks are printing money to provide liquidity and this aint going to be a problem. They dont use gold much for industrial use. Looking at GDC and GDXJ both are looking weak and all on downtrend. The charts tell you all the stories.. past, present and future. Shortby fredpui111
ALT BEARISH COUNT GDXGDX chart is setup to move to a min of 36 .10 no matter bullish or bearish countsLongby wavetimer1
GDX Failed attempt to rally - more downside riskExplained in the charts. GDX is in trouble after a failed rally. More downside. Caveat Emptor.by Auguraltrader225
power node gold silver(gdx+gdxj+sil+silj)/gold fu fun charting these should top out on some yearsby uselink2
GDX H16: SWING: Accumulation / BUY DIPS 35% gains (SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! GDX H16: SWING: Accumulation / BUY DIPS 35% gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: GDX 16hour/candle chart review ::: TP BULLS is 35% gains soon ::: XANCD setup in progress ::: speculative setup / do your own due dill ::: BUY/HOLD SETUP ::: chart looks strong right now ::: strong bottom confirmed with 3 tests ::: expecting more gains after DIP ::: BULLS should focus on buying DIPS ::: September strong month SILVER / GOLD ::: recommended strategy: BUY DIPS ::: near 33/35 best reload BULLS ::: TP BULLS is 35%+ gains ::: if there's a mild dip just buy it ::: BUY/HOLD - swing trade settup ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: pullback/DIPS ::: Sentiment outlook mid-term: BULLS/REVERSAL RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Longby ProjectSyndicate272785
safe haven swingBought some weeklies today to see if gold breaks out. Will probably keep rolling out & up if the s**t hits the fan. I can get behind the argument there's too much liquidity and rolling corrections to continue, but when the ^TNX slides like this that scapegoat-speak only lasts as long as the stimmys, we have some structural issues on the horizon. There's some weird fits & starts on certain sectors today, but all things being equal, valuations looked exhausted...a proper 12%+ downdraft really in the cards, or at least the talk of losing your shirt should be discussed...Longby QUANDRANTS110
GDX HAS COILED ENERGYThe metals have been stuck in a range for quite a while. Gold Miners ETF (GDX) appears to have made 5 waves up since the crash in 2020 and formed an ongoing complex correction. What do you think? Has GDX bottomed? Take note of the lower stoch/rsi wavetrend indicator and the broadening nature that has occurred since this correction. This looks like a hidden bearish pattern that will eventually break. When it breaks, GDX is likely to move up incredibly strong. Perhaps one more push lower? I don't know... But I'll be ready if it drops again. For me, I have some medium-longer term targets over 55-60.Longby gghsusa332
Gold to GDX RatioGLD/GDX Ratio predicts bottoming pattern in the Gold mining stocks. Should be followed by an upmove soon.Longby JaceStryker5
Are we at a bottom for miners?Miners may finally be at or near a medium term bottom. They were up nicely today while gold was down. Also the technical are good. They are at the primary trendline, and there is a bullish RSI divergence. There is major support around 31, but not sure it will get down there.Longby Golden_Oracle1
GDX - the beginning of the endThe GDX Gold Miners is one of my personal favourite, and I have had been following it closely over the last couple of years. Since August 2020, where 95% of position was cleared, there was hardly any sustainable long term rally, albeit the March to June 2021 rally that I actually missed. Since then, it pulled back, and is about to revisit the last major lows. This is the beginning of the end... as in, the bearishness is ending. Now, this could take months to pan out and perhaps about 5% downside risk to go. The daily chart had prices at a lower range having gapped down early in the week. Unlike equities, the recovery was mild, if at all, with Friday gapping down instead. In the form of a megaphone, the range is now going to widen, but am expecting more downside to the target of about 31.50-32.00. Technicals support the weakness, albeit not extremely weak... just not strong. Looking for a higher low, with MACD bullish divergence in the month to come. Would not be surprised if it breaks down of the megaphone and then breaks back in again to be super bullish. Until then... I am sitting on my hands.by Auguraltrader333
GDX gold miner ETF7.18.21 GDX : This market can be a tradable market. You can look at the daily and weekly charts and see this. There is a more important reason to talk about this market. There are things a trader can do that can actually sabotage the ability to be profitable because the trader is so risk adverse, that trader will add indicators and filters that result in avoidance of taking trades because of an overwhelming fear of losing trades. This decision could even be conscious or unconscious, and even unintentional, but the end result will create a lot more work, and fewer trades as well as losing trades. The impact of taking trades that have a high probability of be stopped out and not producing acceptable targets can result in strategies that will slow down the trading, but they never really address a meaningful understanding of market dynamics that actually help you find a good trade with a reasonable stop and a decent target. If you really fear the market, you will find ways to slow down your trading. The problem is that this will not help you find a high Quality trade. I believe that certain strategies show that the trader is trying to avoid losing trades, and stress, but may also indicate that he may not have an effective awareness of price dynamics, or structure, and other factors that would be helpful in finding quality trades. However, you can certainly work hard, and have good intentions, but never really figure out how to find the trades that are more reliable, and therefore give you more confidence because they will find your trade location, and result in a decent target in a manner that will give you a higher probability for success. It is important to avoid losing trades, and it is important in finding trades that give you a good profit for the risk you are taking. Choosing bad tools can ruin you as a trader.19:24by ScottBogatin1113
Gold Miners vs Franco-NevadaLooks like gold miners via GDX, need to out perform Franco Nevada. Longby Badcharts227
Gold Miners Have Had a Golden CrossThe Market Vectors Gold Miners ETF has one of the most interesting charts in the market. Notice the steady decline from last summer, followed by a bump in the spring. It then gave back almost all those gains but still managed to drag the 50-day simple moving average (SMA) above the 200-day SMA. That results in a strange situation with both SMAs falling – yet still in a bullish sequence. Next, the recent drop erased most but not all the earlier bounce. It has managed to register a higher low (notice the weekly chart below). Third, MACD has turned positive in the last few sessions. Finally, stochastics on the weekly chart show an oversold condition: The other catalyst could be the Federal Reserve because Jerome Powell was more dovish than expected yesterday. The U.S. dollar has trended upward lately, but in March GDX turned higher about two weeks before the greenback rolled over. So we could be at a start of a new pattern, with a dovish Fed lifting precious metals and dragging on the dollar. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation5959463
GDXpossible trend change here if this can be confirmed as higher low. wouldnt touch options yet (unless ATM leaps w SL), but commons look good here. time and patience needed in miners.Longby rareEnthusiasm490640
2021-07-05 GDX - supportGDX is respecting the car and support level. Looking for longsLongby mmjotic0
GDX RALLY SETUP We now have a clear 5 wave down look for rally MIN 36 IF BEARISH TREND IINTACT OR above 37.8 then we go much higherLongby wavetimer2