Gold tested $1269 early Tuesday before reversing higher and gold finished 5-waves down on the hourly - today was the 55-day Fibonacci step out from the 3/27 high - did we mark an important low?
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GDX Low Chart from Breeze
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Gold tested $1269 early Tuesday before reversing higher and gold finished 5-waves down on the hourly - Tuesday was the 55-day Fibonacci step out from the 3/27 high and Wednesday was the 21-day Fibonacci step out from the 5/1 high - did we make a low? Or more sideways? The GDX needs to lead us higher.
