Orange trend-lines show the bigger consolidation pattern.
Pink trend-lines show the smaller consolidation pattern.
Both are in a potential formation.
Accumulate at the bottom pink for better risk/reward.
Short term target is 44 .
Will get back in when GDXJ re-tests the top of the pink trend-line.
2) Bought back half position near closing when GDXJ re-tested the top pink trend-line for a play on the bounce. Short term target revised to $42-$42.86
3) $44 may not materialise in the short term unless Trump wins.
With the sharp drop in Gold prices during Asian hours on 07 Nov, we may see GDXJ test the bottom blue line tonight(sub 40 level).
May look to go long again if GDXJ falls below $40