The 149.79 target shown corresponds to the 5476 target featured in the latest gold tout. If it is decisively exceeded, however, especially on first contact, that would imply the bull trend is bound for 163.11. That target, a Hidden Pivot, is derived from a lower point A — i.e., the 110.04 bottom recorded on the first trading day of the year. The sharp pullback over Valentine’s Day did not qualify as a ‘mechanical’ buy because some key elements were missing. However, if GDXJ were to swoon to the green line (x=128.12) now, that would trigger a legitimate buy signal, stop 120.90. Stranger things have happened, so you should be prepared to act if the opportunity arises.