The Gold Miners ETF (XGD.TO) has been the standout performer of the year. Friday’s close marked an exceptionally interesting place on the charts. From January’s low to Friday’s high, the ETF is up 95% from the low to the high! Remembering that the ETF is an average of sorts, many individual components surged a lot more than that. However, the price action on Friday was not that good. The ETF opened to a new high, traded higher and then spent all day drifting lower to close at the lower end of the range on high volume. That is a technically weak candle.