The GDX slightly surpassed its midpoint on Friday (yellow coordinates). It could mark a potential turning point (reversal), though it remains healthy with two reachable targets. The overnight stock market futures had a fairly significant gap down to start the week's first session and it remains to be seen how this will affect gold stocks.
Physical gold hit a new high in the overnight session and then tumbled close to $60 before recovering and is trading slightly higher than Friday's close as of 6:11 am EST.
