These are level to watch. This is futures chart...Cash is very similar, a few dollars away (except crazy days like those back in March 20)
Two posibilities: - Same pace as the one we have so far. That will make a bottom beginning next year. - Collapse. Gold takes Villadiego's way and fall.... and fall and fall.....Then end September, October this year.
Choose you pain. (SIlver followers, take much much care).
In spite of Friday rise. Nothing has changed so far. Still think it will drop this coming week. GDXJ is retesting 43 resistance, as it did in the past. Gold is up 30$ from where GDXJ was when boke support. And that is bearish, after all. So gold has gone up, and GDXJ has done nothing. That is not how bull markets works.