Miners have started their fall into a ICL. This should complete the Shark pattern and move down into the $21 area. I would expect a blast lower than the May low to complete the failed DC.
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As gold moves down towards 1243 it should find support, perhaps we get a bounce but the trend will continue lower. The 1220-1230 should be reached at 78.6% fibo. We could go lower.
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On Target for 1203
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Pattern complete, BUT, could continue lower from here. Tighten stops to protect your profits.
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ICL coming soon to miners. Target lower trend line or just below to enter GDX.
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Target was reached in DUST, you should be out of the short trade.
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Resistance for Gold at 1260. Long term trend line converges at previous top. A break above will bring a lot of traders in.
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Target one approaching for GDX
