The one-hour chart of April gold is crawling along the flattening 200-period MA. Crawl patterns typically break lower, often suddenly. For that reason, I added to DUST today at $17.55.
Currently, it looks like metals and miners are inching closer to a breakdown. The crawl pattern in the above chart supports a dip to $1320. If that level fails, then prices could test the $1304 low. Progressive closes below $1300 would verify an intermediate correction into the end of March.
The 1-hour GDX chart could test the $22.43 gap within the next day or two. A large and decisive close below $22.43 in GDX would establish an exhaustion gap sell signal. The next 45-day cycle turning point arrives in late March.