Unlike Comex Gold’s chart, GDXJ’s is unambiguously bullish. Although the rally stalled last week at a voodoo resistance, it was not before buyers had succeeded in pushing past an external peak at 131.36 recorded on May 11. This refreshed the bullish impulsiveness of the daily chart, shortening the odds of a further push to the 159.17 target. Meanwhile, a pullback to the green line (x=107.37), however unlikely, would trigger a salacious buy signal, stop 89.82.
