CLICK ON CHART TO ENLARGE

Gold Miners ETF GDX looks to have created a bullish falling wedge pattern, which results in higher prices around 65% of the time. 

Another potential positive for GDX is that this pattern is taking place at the bottom of this multi-year falling channel with momentum oversold. Bullish wicks have taken place the past two weeks as well.

A break above line (1), the top of the falling wedge, would be a bullish sign for GDX. 

Another potential positive....Gold created bullish wicks the past two weeks at this channel support (see here)