By Licia Leslie
October 30, 2024
Hi Shoppers,
This gold trend is unstoppable.
Check out the Gold Futures chart:
Now take a look at the Van Eck Gold Miners ETF (Ticker: GDX):
It has had a bit of a pullback but it is holding my support level at $41.69.
Monday’s candle is an inverted hammer with confirmation yesterday.
I think GDX can trade back up to that previous high at $44.20.
Looking at the options, I like the Nov15 42 calls:
Use a close below $41.30.
Trade Review
Haliburton (Ticker: HAL) is still wallowing around support. Wait for a close over $28.30 before taking a bullish position.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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