Gold futures (/GC) have broken down below the minor uptrend line posted in the trading room last night (first chart below) & still appear poised for at least a 1-2% pullback to the 1308 & quite likely the 1300 area.

GDX (gold miners ETF) has now taken out the aforementioned 23.38 support following the recent breakdown & backtest of the 60-minute trendline & divergent high. Barring another stick save such as GDX had on Wednesday (which is highlight unlikely IMO), GDX is poised to print a 60-minute candlestick close below that support level, thereby trigger the next objective sell signal in the mining stocks. Previous & updated 60-minute charts below: