Gold stocks are revealing short-term consolidation, yet ought to they break resistance, another favorable leg could be sustained, pressing the VanEck Vectors Junior Gold Miners ETF (GDXJ) approximately 60% higher in a few months, stated Chris Vermeulen, primary market planner of Technical Traders.
The gold bullion is seeing similar rate activity, and also graph patterns point to a $2,100 to $2,300 by year-end
In this meeting, Vermeulen breaks down the trend lines and technical indicators he's evaluated to make his forecast
What do you believe has the greatest upside potential in the coming weeks? Comment below.
0:21 – Even more volatility ahead?
3:46 – Gold miner stocks anticipate
11:10 – Gold bullion projection.
18:16 – S&P 500 forecast.
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