I think the most recent back and forth action of the GDX may be an expanding triangle consolidation. Notice the potential positive reversal in the RSI (RSI goes down and price goes sideways). If correct then an up move is likely at hand. If the intermediate term downtrend line can be broken then a eventual rise to 28 or 30 or higher is possible. All speculation of course but that is what I think is possible at this time. Be careful. Have fun. Enjoy the day. Goodguy