Both GLD (gold ETF) & GDX (gold miners ETF) hit their respective first price targets for quick (<1-day) gains & bounced off those initial support levels, as expected, while currently offering objective re-entries, add-ons, or new short entries here on this pre-market bounce and/or as long as they remain below the minor uptrend lines that triggered the sell signals when taken out on Friday. Ditto for silver (SLV, /SI, etc..) Previous (Friday’s) & updated 60-minute charts (showing pre-market trades in white) below.
GLD 60m Oct 17th
GLD 60m Oct 20th
GDX 60m Oct 17th
GDX 60m Oct 20th