KGC will offer an objective add-on or new long entry on a break (and preferably a close) above the bullish falling wedge pattern.  As another good example of micro-managing a trade in order to enhance returns, KGC was first mentioned as one of my favorite mining stock back on June 26th, the morning the stock hit a multi-year low.  Just under a month later, on July 23rd when KGC was approaching the top of the wedge I stated: “Based on where prices are relative to the apex of the wedge, it looks as though KGC might need a some additional consolidation within the pattern before building the energy to make a sustained breakout to the upside.” while suggesting to book profits as the stock was up 25% at the time.  As the updated chart shows, the stock did indeed pullback about 14% from that point to roughly the support area where I had expected the pullback to end, which corresponded to my expected pullback target on GDX as well.  That would have provided a chance to buy back those shares at a much lower cost, thereby enhancing profits on this trade.  Previous & updated daily charts below with price targets added to the updated chart.  Stop levels would on one’s average cost on this position.