GDXJ Reminiscent of January 2016

٣١ يناير ٢٠٢٢

The GDXJ is showing bullish divergence on the weekly RSI reminiscent of January 2016. Then as now, we were at the start of a rising rate environment. The FED first raised rated in December 2015 and again in December 2016. We are due for a first rate hike in March this year. Will a similar move in gold & the miners follow?