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Gold/Mining/Energy : Gold Price Monitor
GDXJ 124.11-13.6%Jan 30 4:00 PM EST
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From: #Breeze1/31/2026 11:21:26 AM
2 Recommendations

Recommended By
Goldilocks
tntpal

   of 116947
 
Spot Silver Big Picture Wave Count Update on a Yearly Logarithmic Chart. It appears that Intermediate Wave (3) completed at 121.6470. This wave started at 17.5630.

IF Intermediate Wave (3) is complete then an Intermediate Wave (4) pullback is in play. This wave typically retraces 38.2% of Intermediate (3)'s entire gain. But this one has already retraced about 50% in one day. It's possible that this decline retests the neckline of that huge cup & handle formation.

Going forward I'll wave count the current decline on a daily chart and posts updates.

I'll also run a scenario to see if Intermediate (3) did not end but just paused. Breeze

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