Bearish GDXJ
Trendlines: Downtrend lines in place. Until they break, appears to be headed much lower.
Support/Resistance: $41.93-$43.24 support area broken.
Moving Averages: Below all major MA’s: EMA 9, SMA 20, 50, 100, 200.
Chart looks like death. Bearish unless shorter-term downtrend line breaks. $35 price target.
GDXJ will lead Gold lower.
Support/Resistance: $41.93-$43.24 support area broken.
Moving Averages: Below all major MA’s: EMA 9, SMA 20, 50, 100, 200.
Chart looks like death. Bearish unless shorter-term downtrend line breaks. $35 price target.
GDXJ will lead Gold lower.
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