GDX Gann Square

I took a look at GDX because of the 144 week cycle in gold.Unsurprisingly the same cycle is evident in GDX.In addition there is a 48 point range.48 is 36 x1.5 and is 0.33x 144. Also 16 is 4 squared and 64 is 8 squared.Clearly the midpoint of the square (where 72 weeks in time hits 24 points in price) was significant.All this tells us to watch for a high at the end of the square.That is not the same as a forecast.We are just using the square to tap into cyclicality as defined by Gann's numbers.As always a reversal is needed to complete the setup.