Starting with the big picture, GDXJ appears to be building out a massive 3+ year bullish inverted H&S pattern.  Note the right shoulder appears to be constructing a nestled bullish H&S pattern – now 6 months in progress.  This is typical price action within a bullish scenario:

Closing in on the last 6 months, we see yet another bullish formation – a cup & handle – as part of the right shoulder construction.  Altogether, a very bullish scenario as a breakout of the smaller formations trigger breakouts of the larger.