Junior Gold Bull Analog & GDXJ Levels

Owner, The Daily Gold • Jan 11, 2023 at 4:00 PM EST

The current GDXJ rebound fits in between the three sharp rebounds and 2018 and 2005. If gold breaks out this year past $2100/oz then this rebound could follow 2005 over the next 9 months.

brass metal frame

Image Source: Unsplash

In this video, we compare the current rebound in GDXJ to the past rebounds from lows in 2005, 2008, 2016, 2018, and 2020. The current rebound fits in between the three sharp rebounds and 2018 and 2005. If Gold breaks out this year past $2100/oz then this rebound could follow 2005 over the next 9 months.

GDXJ has nearly hit $40. It has upside to $42. There is also major resistance at $47-$48 with an open gap at $45. Look for support at $36-$37.

Video Length: 00:09:39

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