JAY_c5velm

JAY_c5velm Updated 

There are big gaps open up and down from current price. But price is filling gaps down while being rejected by gaps upwards. The sector is weak and I expect the downtrend to continue. Mercury Rev www.youtube.com So holes..that is the key. Filling price holes Target 28-30 for the last part of the year.

JAY_c5velm

What if all commodities go down, like they did back in 2008 after they were extreme? I know it is ugly, almost imposible with all that debt and inflation around. Also war, Putin, Putina, and Boris drinking all he can get. If you want more Unpopular charts, please email me. I will make your trading much more difficult. After all, hell ain't a bad place to...

JAY_c5velm Updated 

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. www.youtube.com

JAY_c5velm

Cycle up has already finished. Down for the rest of the year. Target around 2,3 $

JAY_c5velm Updated 

Things are not easy in markets. They lOok bullish at a time and one week late they are not so. Caution. They could drop hard again, with gold and with general markets. At last 40 is target for next week. After that...... lets see if there is another leg up with gold also rising to 20XX or not. All markets are going back to precovid levels. And gold hasn't yet.

JAY_c5velm

It is not the first time gold has a severe reversal. Caution here, from the monthly chart. Miners are very weak, compared with gold, even though they rose, nothing expectacular. Gold has gone to far roo soon.

JAY_c5velm

Fib level support Also support & resisitance level One year of correction Weekly and monthly lows. ...mmmm... Think this will move up www.youtube.com

JAY_c5velm Updated 

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...

JAY_c5velm

Nothing has changed. Just a rush in Gold and the hope of the beginning of a new bull market. Bear will be awake this winter in the gold - miners sector. Target for miners, within the trend: 32$ Gold 1550$ Timing: February March 2022.

JAY_c5velm Updated 

Two possibilities. next week down almost for sure. And the 3th of November, again Fed meeting, with noise in the market. How the fall comes, could show the mid term future in gold and gdxj. Something between 40$-42$ I expect as almost sure. And what cames afterwards is to be seen. Could see another leg up, surprising everybody as November is always a week...

JAY_c5velm Updated 

Think an important bottom is in sight, and could be reached at the end of the month. Gold could be around 1620 and GDXJ 34$. If that target is reached I will enter a long position, in gold and GDXJ. Could no the FINAL bottom, but an important one. Think bear is still around after that target. Noise Annoys www.youtube.com www.youtube.com

JAY_c5velm Updated 

One more spike before a new an deeper drop. Gold wont go too far. Two scenarios: Green and Blue. I think green most probable In both cases, Tuesday or Wedneday would be the top, followed by a brutal drop. www.youtube.com So cheer up, my "bravos" Bulls.. www.youtube.com

JAY_c5velm Updated 

Target at 36-37$ in comming months, if we dont get there in the next two weeks. Gold Market is very bear

JAY_c5velm

We could see a continuation to the downside from here to 1620 area by the end of September, beginning October. That would take GDXJ to 34$ or so and GDX to 28$ www.youtube.com www.youtube.com www.youtube.com If you long, at least enjoy the music.

JAY_c5velm

Possible similar fractals patterns. As gold is in a downtred, silver could no move in the opposite direction. We have to wait again for a true a long bull market. www.youtube.com

JAY_c5velm

Tren is down till year end, begining next year. Target as shown in the chart. www.youtube.com

JAY_c5velm Updated 

There are some resistance above current price of gold. The most important is at level 1790-1800. When (if) gold rises there, the final leg down will begin. I expect it to be fast and large. don´t know exactly the low. Could be Pre-covid 1450-1550...lets see That would be capitulation of bulls....and the begining of a new BULL AND STRONG one that should last...

JAY_c5velm Updated 

Oh....those i remember those good an sunny days when i was so bullish. They will come again. www.youtube.com These are level to watch. This is futures chart...Cash is very similar, a few dollars away (except crazy days like those back in March 20) Two posibilities: - Same pace as the one we have so far. That will make a bottom beginning next year. - Collapse....