"Market Memory" is illustrated well in the long-term support and resistance lines of GDX
6/10/20 1 hour chart Nice break out - Proving everything is on track, I will be looking to close around $41
3/13/20 GDX is in the buy zone
Gold, denominated in Chinese yuan (CNY) has really made the grade. 10,000 yuan per ounce looks like firm resistance; so suggestion is the price has to be juiced into some lower floors.
If you trade Gold, you must know that the GDX and the GLD are both derivative markets of Gold and are closely correlated since they both track aspects of Gold. So when either one of these move, then you must look to the other one's and see what they are doing, going to do or done already. They can give you precious clues as to what the other markets are going to...