Still things are bearish from the drop at 1860 level. Somehow expected at first, then i didn´t think it willl happen, but finally it did.
Anyway, the bullish structure has not been broken and only a hard drop tomorrow or the next day will do it.
If not.
- Visit 1840-1860$ gold and a double top in GDXJ at 48$
- Move higher to 191x in gold and GDXJ at 52$ and closing gap from June.
Once any of those happens (if they do), correction will follow.
But i do believe that a leg u in GDXJ is pending now before any drop.
Anyway, the bullish structure has not been broken and only a hard drop tomorrow or the next day will do it.
If not.
- Visit 1840-1860$ gold and a double top in GDXJ at 48$
- Move higher to 191x in gold and GDXJ at 52$ and closing gap from June.
Once any of those happens (if they do), correction will follow.
But i do believe that a leg u in GDXJ is pending now before any drop.
Order cancelled
could go down as fast as it did in May.exit
Trade active
ShortingIt will fill the gap at 44,88$ and go down
Trade closed: target reached
Just to close this chartI exit today my short position and enter a long JNUG for a short time.
Still things are bearish in mid time and ling time frame
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.