GDXJ up!

Think there is a high chance GDXJ could visit 50-52 in next next weeks with gold also rising to 1950$
Only with a weak gold and general market going down, GDXJ could move lower in the rest month (red target)
Has tested twice a strong support 37$ and rejected.
Think gold and GDXJ has legs.
Mean while some music I like.
www.youtube.com/watch?v=Z4wn7xah...

Trade ist aktiv:

Both targets are possible, even more drop from these levels, GOLD breaking 1800 and taking GDXJ down to new lows, before another leg up.

Trade geschlossen: Ziel wurde erreicht:

it needed 2070$ to see 50 $ in GDXJ I dint see it as a bullish signal for the sector. Yesterday reversal also important bearish signal.
I am short (in fact I was short from some days ago) So holding a lose position at the moment.