GDXJ to 43$ soon!

19 באוג׳ 2020After its bounce, Gold started to descend as the dollar is showing signs of bouncing back up.

Should stock show signs of weakness, it will bring this down...

50% FIB target around $43

Same analysis applies to GDX but target is different.

Disclaimer: The above is just an idea, not an investment advice. Do your own diligence, trade safely and stay safe!

25 באוג׳ 2020

הערה

Looking good this morning... I hope to see it break $55

26 באוג׳ 2020

הערה

Will it attempt to crack that $55 floor again today? It will be the third time in 2 weeks. We need to break $55 to get lower to $48 then $43...

31 באוג׳ 2020

הערה

Potentially interesting move in formation today. Bonds are up significantly today, SPY is weak, dollar is weak and miners and gold are up.In March, we got 2 down days in SPY, a falling dollar and then SPY gaped down while miners peaked the next day to start reverting intraday that day. I am watching for when miners peak and start to follow the market trend down. This might be the signal for a large correction in miners as well as SPY. Miners tend to burst up before they decline.

10 בספט׳ 2020

הערה

Trending down slower than I was hoping but still trending down from the recent top when you look at the the recent lower highs, we are still trending down