The bear leg could have probably ended.
Confirmation should come next week if it begins to move up sharply as I think.
In short term (two weeks) back at 38$
And probably end of May back to 48$.
Again GDXJ is on major support and this last week was a tipical shaking move before a large one.
The sector is moving up, and up, but remenber always that corrects in a hard way, so trading is the best attitude to make money.
I am long.
Rolling waves (The naked and famous).
www.youtube.com/watch?v=u3WTrRK8...
Salud para todos.
Confirmation should come next week if it begins to move up sharply as I think.
In short term (two weeks) back at 38$
And probably end of May back to 48$.
Again GDXJ is on major support and this last week was a tipical shaking move before a large one.
The sector is moving up, and up, but remenber always that corrects in a hard way, so trading is the best attitude to make money.
I am long.
Rolling waves (The naked and famous).
www.youtube.com/watch?v=u3WTrRK8...
Salud para todos.
Trade active:
This may look as a new ath leg, but i guess is not.
Means once we reach that level by June it will fall again into FALL season.
And that bottom, which won't be a new bottom, could be the beginning of a large an profitable leg up into 2024.
And so will gold.
Means once we reach that level by June it will fall again into FALL season.
And that bottom, which won't be a new bottom, could be the beginning of a large an profitable leg up into 2024.
And so will gold.
Comment:
Comment:
so gold is ALSO going up (of course).
Trade active:
A fall from yesterday level could go as low as 36$-37$. Bull after all.
Comment:
And gold could visit 190x next week, before continuing up to 2060-2080
Comment:
Could fall in the range 37$-38$ in 6-8 trading days.
Comment:
But WEEKLY bull is already confirmed. Means bying any dip is a winner because this 42$ level (the least) will be seen again.
In fact more higher 47$ to 50$ is were top should be found.
But wait at least 6 trading days to thik in buying back
In fact more higher 47$ to 50$ is were top should be found.
But wait at least 6 trading days to thik in buying back
Comment:
And...caution with this fall. There is a chance that from this top another weekly downtrend could begin. As it did before any mayor move up. So caution because this could happen from this top.
And if this is the case, the drop could be hard again. And so could gold. So if in profits, i would take them because miners will fall. And wait to see the nature of this move: if it is corrective down or IMPULSIVE down. Because one thing is for sure: THE CURRENT MOVE IN MINERS IS NOT THE one we should see in a multi month TREND. They have moved very slow compared to gold.
So...the important point is that sooner or later (from now to two months) we should see a corrective move in the sector, that should be the LAST one before seeing all time hights in gold and miners moving also there (in a few years).
I suggest being caution here and see what gold does.
And if this is the case, the drop could be hard again. And so could gold. So if in profits, i would take them because miners will fall. And wait to see the nature of this move: if it is corrective down or IMPULSIVE down. Because one thing is for sure: THE CURRENT MOVE IN MINERS IS NOT THE one we should see in a multi month TREND. They have moved very slow compared to gold.
So...the important point is that sooner or later (from now to two months) we should see a corrective move in the sector, that should be the LAST one before seeing all time hights in gold and miners moving also there (in a few years).
I suggest being caution here and see what gold does.
Comment:
Comment:
End this week or most probable the next one. gold and miners will bottom (a retrace).
After that they will push up to 45-46 fill the gap from april 2022 and TOP. Gold will probably try to reach new hights, but could fail in doing so. Means a top in gols could be this last week top. Could also go up to previous hight, but is no necesary to make ATH in gold. And I think it won't happen.
Then both will fall hard.
After that they will push up to 45-46 fill the gap from april 2022 and TOP. Gold will probably try to reach new hights, but could fail in doing so. Means a top in gols could be this last week top. Could also go up to previous hight, but is no necesary to make ATH in gold. And I think it won't happen.
Then both will fall hard.
Trade closed manually:
Caution..This could be a MONTHLY change intrend... Mean we are at a MONTHLY TOP. and we could not see this levels for months...
CAUTION WITH LONGS
CAUTION WITH LONGS
Means trend up is confirmed.