I am watching the Aussie XGD miner index VERY closely here thinking it has a very good chance to be ending a large wave C decline. The weekly chart shows the current new decline low and that the Aussies have been hammered (look where March 2020 low was) - notice the weekly divergence we "currently" have as well at very oversold levels. Daily and hourly charts IMO suggest this just might be wave v of 5 of C. A sharp turn up from this area (5850) could be very bullish while a drop of another 1000200 pts or so now could indicate we may test the March 2020 low - rather critical juncture here.
XGD.AX - ASX All Ordinaries Gold Index Stock Interactive Chart - Barchart.com
Senor
I'll go WAY out on a limb and say I "think" Aussie XGD is putting in a final corrective low here - as always DYODD
Senor