I'm going to caution traders against shorting gold right here. I doubt we've printed a final intermediate top just yet.
Both GOLD and GDX have bullish breakouts on their longer term falling wedge patterns.
Gold has just generated a long term buy signal. Look for gold to break out of the triangle this week and test the 1280-1307 level.
I have to wonder if gold is going to give us the obvious cycle top at $1200 and reward all the shorts that sold yesterday, and rew