There is a divergence on GDX that can predict an end of correction and returning to growth. An upside potential is 20-30%
This ETF is a London Stock Exchange version of the gold miners index. I think the long term pattern is a triangle as evidenced by recent bounce down from resistance.
This is a delicate moment for gold miners. But the upside potential remain HUGE.
Looking at these patterns in my last few published predictions.
Breakout on Gold Miners
long consolidation here
