Gold and Silver are breaking February highs as expected with space for more gains. Looking at Gold miners ETF – $GDX, we see space towards 2020 highs and 46 – 50 area for the 5th wave of the wedge pattern, which can easily push $gold to 3K area.

On a daily time frame, we see gold(XAUUSD) coming impulsively higher, but it can also be in final stages of wave 5 of III, however, with GDX pointing even higher, it can reach 3K area before we will see a bigger decline within a higher degree wave IV correction.