Compare this up movement to March. The first reversal in gold has the most impact on miners. Miners shoot up and then the first sign of weakness, they drop. Miners don't even touch the edge of the triangle until the second leg up.
Miners will be sideways/sliding down until one last drop, then i think the rocket is ready for launch
Hi Liamcambra, after consolidation during last few days, GDXJ didn't test the support line, instead, it re-break the resistance line again yesterday, do you think it's a conformation of previous breaking out, and we shall buy now instead of waiting for testing support around 31
lantao517
⋅
Hi Liamcambra, GDXJ successfully test 34, which is the upper level and also resistance line of your post huge triangle, do you still think GDXJ will get reject from here and then slide down to support line around 30? you know, XAUUSD has break out it's 6 year bear trend (even has not successfully break out 1295 key resistance)
ryyryy517
⋅
Do you think GDXJ is going to launch rocket now?
ryyryy517
⋅
Hi the GDXJ test 30.8 yerterday, and it rebounded from there to daily high, do you think GDXJ finish the consolidation? I saw your picture and seems like 30 is your predicted correction target