Newmont breaking out of the box and going lower

Güncellendi
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara Sucka.

I've already detailed all the reasons why in my gold/dxy threads why miners will experience more pain ahead. I'm selling OTM calls and buying ITM puts with the credit here. If it goes up, it's a squash - if it goes down, excellent revenue to average in at a lower price until miners turn around.
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The only events that would throw off this prediction are in order of probability of happening:
1. Nuclear incident in Zaporia Ukraine (since the reactor was turned off yesterday)
2. China invading Taiwan
3. Russia using tactical nukes or catching Zelensky
4. Cyberpandemic/Blackout
Not
Jerome Powell just mentioned Volker 5x in his small speech. Real rates will end up crushing gold and miners. Beware!
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Fed's Mester: Still In Negative Real Rates, We Haven't Even Gotten To Neutral Fed Funds Rate
- May Need To Take Rates Above 4% And Leave Them There
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This guy's calling for a $20 target and he's pretty inpressive with calls.

nitter.net/MacroStratChris/status/1561236170675200001
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Retraced up to the bottom of the box - now we can experience our freefall. Hope you bought puts!
GDXGDXJNEMnemanalysisnewmontnewmontminingOscillatorsSupport and ResistanceTrend Lines

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