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Juniorgoldminers

GDXJ: Shilly-shally…GDXJ is still hesitant to finally complete wave ii in magenta and is turning downwards again. As it can, of course, use the whole magenta colored zone between $37.26 and $24.77 to finish the overarching downwards movement, we give the ETF some more time to get its work done. However, as soon as wave ii in magenta is through, GDXJ should veer to the north, crossing the resistance at $36.58 and heading for the next at $51.92 from there. A 40% chance remains, though, that GDXJ could break through the magenta colored zone and drop below the support at $19.52, thus triggering further descent.
AMEX:GDXJ
by MarketIntel
GDX GOLD MINER may bottom@24 or 21 zone to retest channel.GDX seems to be doing a BIG UPCHANNEL started from the 2016 low & retested at the 2018 low. If this lower channel is to be retested, GDX may bottom at the 24 green zone. This is the most probable since this is also the 2016 VWAP & the FIB 0.618 retracement from 2016 low. However, if you look at the VOLUME PROFILE, then GDX may fall more to the 21 zone to create a divergence, ending wave 1 of wave III. BULLISH longterm: Gold & gold miners will be a good hedge during rising inflation or recession. Every portfolio should have this insurance policy & some other defensives like XLV health, XLP staples & XLU utilities. TLT bonds will also rise during recession while US10Y rates go down in a deflationary environment. GDX may be just in the early stages of the longest wave III rally & has a long way to go. GDXJ Junior miners fell a lot more so I think percentage wise it will have to rise more just like today. Miners tend to be the leading indicator for GOLD. Gold may fall more to the 1670 to 1760 zone. Gold recovering 1800 will be very bullish while GDX reclaiming 30.37 wave 1 top & previous neckline pivot will also be bullish. Not trading advice.
AMEX:GDXLong
by xtremerider8
GDXJ: Testing the watersAfter jumping down from its last high at the lower edge of the blue zone between $51.27 and $62.63, GDXJ has fallen below the mark at $36.58 to test the waters of the magenta zone between $37.26 and $24.77. We expect it to gather more downward pressure to advance deeper into the magenta zone, where it should finish wave ii in magenta. Then, the ETF should turn around and climb back above $36.58. From there, it should continue the ascent towards the resistance at $51.92. However, there is a 30% chance that GDXJ could break through the magenta zone and subsequently drop below the support at $19.52 instead.
AMEX:GDXJ
by MarketIntel
Gold Correction is Over. Re-pricing incomingThe gold market appears to have found its bottom and rallied back above 1800USD. This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time. Austral gold is still hanging in there producing cash and the focus now should be on the exploration results which will be key in replenishing reserves. If austral gold can continue to mine 50k oz of gold and then grow their resources with the recent acquisitions this stock can be a multi-bagger. The copper claims that austral has recently acquired are interesting and has a bit of a mini-barrick vibe. GLTA.
TSXV:AGLDLong
by CerebralEdge
BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MINA BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ SOIURCE: www.investopedia.com What is a Golden Cross? The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png KEY TAKEAWAYS The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average. The golden cross can be contrasted with a death cross indicating a bearish price movement.
AMEX:GDXJLong
by HandofGold
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