GDX (gold miners ETF) has now broken down below the 60-minute trendline that was posted earlier with impulsive selling confirming the breakdown. GDX is now testing the 23.38 support level with an imminent breakdown of that level likely. First target zone remains 23.00-23.12 with the possibility of a continued move down to the 22.23-22.32 area in the coming days/weeks. Previous & updated 60-minute charts: