GDXJ I has been bullish all the year....but

Collection of Gaps...Would they be filled?
Would gold drop to pre covid levels?
If the previous chart was bearish...this is even more.

Grizzly Bear.

youtube.com/watch?v=JHhV9TPNmTI

Enjoy the song.

Note

If, as I expect, Monday or Tuesday, 43$ acts as resistance and rejects the price. Then I think we could see this drop that could last until November with a target for DGXJ of 27$

Note

First Gap Filled.
Two more pending. More to come.

Trade active

Next gap is the 32$ area
And i think it could be filled this comming week 16 of May

Trade closed: target reached

Not in the way i expected at the time i posted this idea, but market closed gaps from 2020.
The last one at 29$ and happened past mont, July 2022

JAY_c5velm

Related publications

drop is in sight

by JAY_c5velm

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