I don't normally post Fibonacci's because they cloud up my charts but GDX appears to have made a beautiful bounce off the .618 fib line.
I went long DEC $34 calls, already up +15% but my PT is $35 in the near term.
A lot of bullish option flow for GDX/GOLD in general, I also have IAG shares doing nicely.
Whatever your strategy preference, I think it's a good idea to get long Gold for near term upside.
I went long DEC $34 calls, already up +15% but my PT is $35 in the near term.
A lot of bullish option flow for GDX/GOLD in general, I also have IAG shares doing nicely.
Whatever your strategy preference, I think it's a good idea to get long Gold for near term upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.