GDX MNT: V-shape recovery / 40% upside BUY/HOLD(STOCKS/ETFs)

6 авг. 2020 г.

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GDX MNT: V-shape recovery / 70% upside BUY/HOLD(STOCKS)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

Gold is currently a strong bull market with more upside mid-term.
Also strong seasonal period, so I expect more gains
in August/September 2020.
Here's the technical overview of gold price, feel
free to recap:

🔸 Summary and potential trade setup
::: GDX monthly chart review and outlook
::: chart looks strong right now
::: gold clearly in bull market now
::: miners benefiting from rise in prices
::: V-shape recovery in pgogress
::: 60% through already however
::: 40% upside remains from here
::: recommended strategy: BUY/HOLD at market
::: TP +40% gains
::: setup for patient traders only
::: do not expect fast/overnight gains now
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS