Whilst the main equity market saw a day of moderate swings, there was notable strength in the precious metals of Gold and Silver. The Gold miner ETF of GDX settled higher by a rather powerful 4.7% to $23.82. The Feb'8th high of $25.71 is on the menu this summer.
The daily close above the 200dma should be seen as something of a bonus today.
Seen on the bigger weekly cycle, price action has been increasingly tight since February.
Price structure is arguably a large bull flag. It will be provisionally confirmed with a break >24.30, the $25.80s (above the Feb' high) would make it decisive.
yours truly remains leaning bullish the metals (especially Gold), and the related mining stocks.