This doesn’t look like a bearish gap fill on the GDX to me. Plus it’s on monster volume with gold breaking a year-long downtrend on massive volume too today. Structure remains bullish.

GDX

As requested by Fully, here is the gold chart posted on 9/17 showing my rational for why I thought the year-long downtrend line was likely to get challenged this time. A clear breakout today on huge volume.

Gold

Another view on GLD to add clarity. Incidentally, can anyone else see a possible Bearish Gartley that would take prices up to 117 before plunging? What a great set up that would be!

GLD