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Short

GOLD miners are in pullback - GOLD will follow them tomorrow.

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
87 0 7
GDX             ( Market Vectors Gold             Miners) printed a shooting star yesterday.
Today we had a decline in most of the gold             miners and NUGT             .

Tomorrow while the stock markets are bouncing gold             also could start its decline into the daily cycle low.

GDX             target : at least the FIBO 38,2% (15.8)
Maybe we can come down to FIBO 50% (15.15)

If we are in the GOLD             bull market we shouldn't come below FIBO 61.8% (14.50) during this pullback.
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