GDXJ up!
Think there is a high chance GDXJ could visit 50-52 in next next weeks with gold also rising to 1950$
Only with a weak gold and general market going down, GDXJ could move lower in the rest month (red target)
Has tested twice a strong support 37$ and rejected.
Think gold and GDXJ has legs.
Mean while some music I like.
youtube.com/watch?v=Z4wn7xah0NM
Only with a weak gold and general market going down, GDXJ could move lower in the rest month (red target)
Has tested twice a strong support 37$ and rejected.
Think gold and GDXJ has legs.
Mean while some music I like.
youtube.com/watch?v=Z4wn7xah0NM
Trade active
Both targets are possible, even more drop from these levels, GOLD breaking 1800 and taking GDXJ down to new lows, before another leg up.Trade closed: target reached
it needed 2070$ to see 50 $ in GDXJ I dint see it as a bullish signal for the sector. Yesterday reversal also important bearish signal. I am short (in fact I was short from some days ago) So holding a lose position at the moment.
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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.