This is a Gann chart from Gunner’s free weekly newsletter. A link to the commentary is here

http://www.gunner24.com/newsletter-archive/october-2017/01102017/

Gann is very useful for support levels and timing. Gold is at solid support now and a bounce of about $25 is reasonable. A close above 1310 would be necessary to alter the bearish case.

I use Gold in Aus$ as a proxy for GDX so am looking for 1658 A$ as a likely top for GDX since that fits with its EW pattern and likely resistance.

If gold stocks sell off in this quarter I believe the key will have been the non confirmation between gold in $ and gold in Aus$ which can be taken as a proxy for non-U.S. gold mining revenue. In other words the higher high in gold (US$) did not translate into universally improved earning for miners.