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IvanLabrie

Gold/Junior miners: Time to go long

Long
VanEck Junior Gold Miners ETF (AMEX:GDXJ)  
IvanLabrie Updated   
AMEX:GDXJ   VanEck Junior Gold Miners ETF
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD Gold gdjx timeatmode
25
11
trendanalysis chartpattern beyondta xauusd gold gdjx timeatmode
Gold has bottomed against long term monthly support, I anticipate a rally from this juncture. I'm entering longs in gold and junior miners to benefit from this setup. Very high probability technical trade.

Best of luck,

Ivan Labrie.
Comment:
Looks like the analysis is correct so far.
Comment:
snapshot

Unless gold climbs back over 1260 in a rush, it is doomed...stops sit at +- 1250, holding in case it does bounce. It's mainly a hedge for equities positions.
Trade closed manually:
The miners fared better than gold here but look like a top already.
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