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JustinBilyj

$GDX (Gold) Going Lower

Short
VanEck Gold Miners ETF (AMEX:GDX)  
JustinBilyj Updated   
AMEX:GDX   VanEck Gold Miners ETF
Trend Analysis Moving Averages
2
0
trendanalysis movingaverage
If there isn't a disaster in Iran within the next few weeks - gold will be going lower. TTM Squueze is coiling on 15 minute chart, 1 hour and 4 hour. The daily chart shows the price testing the 20 EMA after crossing over the 50 EMA which is a bearish signal. I would buy puts now or sell calls and buy them back in 1-2 weeks.
Comment:
snapshot

Here's the EMA cross-over
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