I hope everyone followed the shorting train down for Gold Miners. Follow me on TradingView to get the head start on trading reversals that have maximum profits! I post live updates on my TradingView page that detail my reasons and entry/exits.
My current position is about 90% of full position in $DUST at a gain of around 25% since the trade began about a little over a week ago. Looking to sell the entire position soon as I believe it’s getting to the oversold levels and also reaching another strong support area.
However I remain bearish overall on miners for now, and I’m waiting to see if there’s any negative news that could come out and give a boost to gold prices. If we do get some negative news flow then I’ll trade the reversal pattern, make sure to check my TradingView posts regularly to get ideas on trades!
TradingView name: FireFly450