Expect this dive to reach a minimum 45.95, the midpoint Hidden Pivot support of a pattern projecting to as low as 40.93. If there is no respite from sellers at 45.95, the next stop would be 45.16, the ‘d’ target of a reverse pattern similar to the one proffered in March Gold. The decisive breach of any clear Hidden Pivot will always imply the next is likely to be achieved, but more bearish still is a two-day close beneath a Hidden Pivot.
GDXJ – Junior Gold Miner ETF (Last:47.04)
