The arc has spoken and GDXJ (Junior Gold Miners) are heading higher. 8 years of energy has been stored under the $52 level. Price broke out in 2020 and has since been in a bull flag. After correcting to arc support the bull flag has now broken out paving the way for fireworks in the gold mining sector... Next reasonable target on the GDXJ is 100.
00:00-02:42: Market sentiment, bond selling, lack of confidence in U.S. Gov. starting to show. Brief Summary of week 08.
02:43-06:18: Price Action forecast = targets. Stock's looking favorable and which one's to chose?
06:19-07:25: I'll answer questions, Share some of my own stock pick's etc.
About Gold Next Week #
A weekly 3-10-minute...
We can see from this chart that price is ready to drop!
It has hit a key level of support and bounced off, it has tested this area several times before going higher each time.
The last time this level was broken it was a freefall to the bottom.. The next time the drop may be even greater!!
Get the sell stops in!