IDC 12 month daily chart (below) IMO illustrates a clear...

IDC 12 month daily chart (below) IMO illustrates a clear breakout of the 4 month long declining channel, accompanied by strong volume. A bullish development, it appears likely that the bottom is in IMHO.

IDC 2 year daily chart (below) better illustrates long term overhead resistance lines and the potential gains on offer should these resistance targets be met. But first things first, would like to see a close above the 50-day moving average (currently $0.069) to confirm a new rally is in play. Note: Upper line of 4 month channel should now act as declining support IMO. Underlying rising support line (not illustrated but formed from current bottom) may prove to be more relevant once crossover with the ‘new’ declining support line occurs in the coming days.

XGD (Aussie Gold stock index) 2 year daily chart below. Recent action within declining channel suggests that the bulls are due for some fun IMHO. Time for a relief rally to the 50 day MA or perhaps the top line of the declining channel?

Please note: my opinion & interpretation of the above charts is mine only and in no way am I offering advice of any kind. Please DYOR.