FWIW, my crib sheet for when to buy and sell GDX based on metal behavior within the bull channel (kind of like forks but not really).

Blue line is XAU, light blue figures are GSR.

Trend line channels and deviation from centerline are exclusively regarding Gold.

Unless a new deviation (expanded volatility range) is in the works, I believe the end of Nov. low will hold.

 

Courtesy

https://www.longtermtrends.net/mining-stocks-vs-gold-and-silver/