The dead cat bounce (or bottom) is here, in my opinion. GDX/Gold charts below say everything you need to know.


I won’t post USD/JPY charts as I’ve posted plenty recently. But I’ll mention – look at the 600MA there. Seems to have acted as resistance again(for now). Rising wedge stands.

My ultimate target for gold  – IF this only ends up a dead cat bounce, then $1294. If it’s more, who knows. I’m interested to see the reaction when Gold meets the mid-bollinger on the daily chart, we can go from there.