GDX looking for higher low

AMEX:GDX   VanEck Gold Miners ETF
GDX have been so beaten for so long, and every previous attempt was not ready for that consolidation nor higher low. After a recent and decent break above the 55EMA, the Gold miners GDX ETF is retracing hard (as expected) and is now looking for a higher low, in about a week or two.

And with that, then we know the next run would be more robust.