Considering the divergence with the miners, it is possible that the last action in gold took place in a triangle and that the miners made a bull flag.
IF the count is correct, the miners should catch up gold very soon ...
Gold needs to break the 200 DMA at 1261-62 and GDX breaks above 25 decisively.
s27.postimg.org/pace...qhr77/GDX_022417.png
Looking at my "technicals", we will have an answer next week.
s17.postimg.org/jvdk...3aovj/GDX_022417.jpg
IF the count is correct, the miners should catch up gold very soon ...
Gold needs to break the 200 DMA at 1261-62 and GDX breaks above 25 decisively.
s27.postimg.org/pace...qhr77/GDX_022417.png
Looking at my "technicals", we will have an answer next week.
s17.postimg.org/jvdk...3aovj/GDX_022417.jpg
Do your due diligence.