The Miners formed a bullish reversal on Tuesday after a fresh 2-month correction low and started a countertrend swing which might continue for another 9 trading days. In the bigger picture the Gold and Silver Miners as the entire precious-metal sector is supposed to remain confusing and uncomfortable till year-end, maybe through the first trading weeks of 2020, thus the extremely favorable chances are clearly at the downside towards the end of the year.

However, a reasonable risk/reward pullback setup has now developed in the Miners Sector, but for this you have to pay attention to the SL recommended below, and it`s probably best to play this market and bounce with the NUGT ETF – being a 3x leveraged Bull ETF, designed to move three times the price movement of its target index, the NYSE Arca Gold Miners Index (GDM).

Tuesday was day # 20 for the daily Miner cycle, placing the Miners in the early part of its timing band for a daily cycle low, what perhaps was triggered by the 21 Fibonacci turn number.

Monthly chart through GUNNER24 Lens ALLOWS or OFFERS that seen bullish reversal not only potentially marks the daily cycle low, it also potentially marks the intermediate cycle low. IF THIS becomes more confirmed the Miners could widen their bouncing cycle to the turn of the year.