My nightmare with Gold
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 years.
That also matches with the possible targets for GDXJ
Enjoy the nightmare
youtube.com/watch?v=ejt2IfvF8hc
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 years.
That also matches with the possible targets for GDXJ
Enjoy the nightmare
youtube.com/watch?v=ejt2IfvF8hc
Trade active
In spite of Friday rise. Nothing has changed so far. Still think it will drop this coming week. GDXJ is retesting 43 resistance, as it did in the past. Gold is up 30$ from where GDXJ was when boke support.And that is bearish, after all. So gold has gone up, and GDXJ has done nothing. That is not how bull markets works.
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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.