GDXJ new weekly lows
Dollar UP.
gold at a very TOP
And miner doing very bad, after all, cant be a bullish continuation.
That means for me a RESET, to a weekly low or even a MONTHLY bottom.
If after Fed meeting, gold continues crahing (and it could) if dollar seeks new HIGH, miners would fall more...
I am full short at this moment.
There is a gap at 33 that should be filled.
And under 30 is very probable...afterwards, wait and see
gold at a very TOP
And miner doing very bad, after all, cant be a bullish continuation.
That means for me a RESET, to a weekly low or even a MONTHLY bottom.
If after Fed meeting, gold continues crahing (and it could) if dollar seeks new HIGH, miners would fall more...
I am full short at this moment.
There is a gap at 33 that should be filled.
And under 30 is very probable...afterwards, wait and see
Note
Note
dollar will rise, an eventually mak new high over surpaisng 2022 high...gold will move down, and down
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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.