Friday, April 4, 2014

Joe Friday-Bullish inverse Head & Shoulders for Gold Miners in play!

by Chris Kimble

CLICK ON CHART TO ENLARGE

The Junior Gold mining ETF (GDXJ) finds itself at key price point right now. The ETF broke above falling resistance and it is now testing it as support, for the first time. At the same time this support test is taking place, GDXJ could be forming a bullish Reverse Head & Shoulders pattern.

Joe Friday....IF this read is correct, GDXJ should move higher in price.

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