On the gold chart there is good reason to believe that the bull market low may be in. Gold was close enough to the triangle target for government work, just missed the 61.8% fib retracement of the bull market from the late 2008 low, has been trading back above the very key bull/bear dividing 150 DMA, and has a part formed double-bottom that would target the 1688 area on a clear break over 1434. Gold daily chart:
The GDX chart is still more bullish, with huge weekly positive RSI divergence at the lows, and what should be either a double bottom or IHS forming after the last falling channel broke up. The next obvious target is a test of 30/1, and on a clear break over there the target would be in the 40/1 area. I would mention on the bear side though that there was a huge H&S on this chart that I haven't marked up, but which targets the 13.5 area, and that target would now be within the overall fallling channel from the 2011 high. GDX weekly chart:
Now I have mentioned many times that I don't like triangles, as they often make a false break in one direction before resolving in the other, or indeed make false breaks in both directions before resolving in the original break direction. With that caveat there is a very interesting set on the 60min GLD chart where a large descending triangle has broken up and retested broken triangle resistance today.
If GLD can hold above broken triangle resistance, then another push up should trigger the nested double-tops I've marked on the chart below, and take GLD to retest the March rally high. If GLD could then make a higher high over the March high I'd be inclined to take that as firm confirmation that precious metals were back in an overall bull market. GLD daily chart: