GDXJ entered its third week in purgatory, unable to attract the buying power to wreck the corrective pattern shown. That would take a push above the pattern’s point ‘C’ high at 97.76. Sellers evidently were equally spent after failing to reach the secondary Hidden Pivot support, p2=86.38. My hunch is that bulls eventually will prevail, but there’s not much to entice unless you’re a scalper. The turgid price action reflects similar indecisiveness in bullion futures, which have lacked direction since completing a 350-point selloff on October 22.
$GDXJ – Junior Gold Miner ETF (Last:93.04)
Posted on November 9, 2025, 5:13 pm EST
Last Updated November 7, 2025, 10:59 pm EST