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GDX

Gold Miners ETF (GDX) Develops Elliott Wave Bullish SequenceGold Miners ETF (GDX) is close to breaking above the previous peak on 1.25.2023 high (33.34). A break above will open up a bullish sequence from 9.26.2022 low favoring further upside. Near term, cycle from 3.10.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.10.2023 low, wave 1 ended at 29.95 and pullback in wave 2 ended at 28.50. Wave 3 is currently ongoing with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 31.99 and pullback in wave ((ii)) ended at 29.63. We can see wave ((i)) and ((ii)) in the 45 minutes chart below. The ETF then extends higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 31.80 and wave (ii) ended at 30.74. Wave (iii) ended at 32.80 and pullback in wave (iv) ended at 31.95. Final leg wave (v) of ((iii)) is expected to end soon, then it should pullback in wave ((iv)) before turning higher again in wave ((v)) to complete wave 3. Near term, as far as pivot at 29.63 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
AMEX:GDX
by Elliottwave-Forecast
The Gold Odyssey - incoming, but wait...Ended the previous post on The Gold Odyssey (27 Dec 2022) with: So heads up, watch MAy 2023 for Gold prices to rally. Indeed the Down and then Uppish happened. Now, with the monthly chart, we find gold again at the border of the Constipation Box and people are getting all excited about it. I had questions about my views so I started to relook, a tad earlier than I really should (remember May 2023?) So, this chart was actually in response to someone who said that "gold always goes up" in conversation. I did not think it is "always" so I looked into the longer term and viola... The Constipation Boxes. Long term retracements can be 20-50% from peaks, and $300-400 multi-year ranges are observed. Therefore, it is opined that Gold buying should be closer to the bottom of the ranges (eg. 1 Nov 2022) or at least when technical indicators are more aligned and on your bullish side. IF you trace back, I bought Gold on 29 April 2019, two weeks after Trump launched the trade war of sorts. And released all Gold holdings on 9 August 2020. It has been a bit of a wait to get into a similarly bullish situation... The previous month closed nicely bullish, but it appears to be a little too close to the upper range, even though the technical indicators look like a bullish turnabout. Furthermore, the past three months appear reminiscent of a Bearish Sandwich Stack candlestick formation . So, let's just say that this is either 1. an imminent very bullish breakout; or 2. a bull trap to return back within the box for the next launch (possibly from about 18##) Am more inclined with the latter personally, but that's just me and my overall observations. Still maintain as per previous Gold Odyssey conclusion.
COMEX:GC1!
by Auguraltrader
GDX: Gardening 🌱🌷🌹It’s springtime and GDX is working on wave B in green in its green garden between $30.01 and $32.58. Soon the ETF should harvest the respective high, which could be settled anytime. Afterward, the course should turn and leave the garden on the southern side to expand wave ii in orange. This downwards movement should end well before the support at $21.52, though, so that GDX can resume the ascent. However, there is a 38% chance that the ETF could slip below this mark and thus continue the descent instead.
AMEX:GDX
by HKCM_Global
2
Don't Fall for VIX Volatility Dead Cat Bounce“Happiness was never important. The problem is that we don't know what we really want. What makes us happy is not to get what we want. But to dream about it. Happiness is for opportunists. So I think that the only life of deep satisfaction is a life of eternal struggle, especially struggle with oneself. If you want to remain happy, just remain stupid. Authentic masters are never happy; happiness is a category of slaves.”
TVC:VIXShort
by noam_chom
2
GDX Technical Support Outlined...Here we are looking at GDX on the Daily TF… This analysis will be fairly brief, as the chart is crystal clear as of right now. Here you can see that GDX has retraced since its most recent uptrend which began in November of 2022. Currently, I am expect GDX to bounce off of the strong technical support as marked by the horizontal line (yellow). This outlined support line hasn’t been re-tested since its break out from it (as previous resistance) which led to its run up as previously mentioned. Now, we can expect GDX to attempt to bounce from this line, and turn this previous resistance into newfound support. 
It’s as simple as that… Let me know what you think BTC is going to do next in the comments! Cheers!!
AMEX:GDXLong
by GarethSolowayOfficial
10
What an incredible rally in GOLD from Support - what's next?This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out. Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985. I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that pause/pullback will prompt another $350 upward price phase. If we assume the low of the pullback will be near $1900, then the upper target of the next upward price phase will be $2250+. Eventually, as Gold shifts into a parabolic phase, those $350 price phases will increase.. A. $481 B. $525 C. $566 D. $700 As the speculative phase in precious metals continues, we'll see varying expansion/contraction phases until the peak is reached after 2027~28. Hang tight, this is just getting started. Follow my research.
COMEX:GC1!Long
by BradMatheny
GDX Dips Likely to Find Support in 3, 7, 11 Elliott Wave Swing1 hour chart of Gold Miners ETF (GDX) below shows that the pullback to 27.54 ended wave (2). The ETF has since extended higher in wave (3). Internal subdivision of wave (3) is in a 5 waves impulsive Elliott Wave structure. Up from wave (2), wave ((i)) ended at 29.32 and pullback in wave ((ii)) ended at 28.12. Then the ETF rallied higher in a nest. Up from wave ((ii)), wave (i) ended at 29.99 and dips in wave (ii) ended at 28.41. Wave (iii) ended at 31.98 and pullback in wave (iv) ended at 31.26. Final leg wave (v) ended at 32.75 which completed wave ((iii)). Pullback in wave ((iv)) is ongoing as a zigzag where wave (a) ended at 31.94 and rally in wave (b) ended at 32.65. Wave (c) lower is expected to end soon which also complete wave ((iv)). Afterwards, the ETF should rally higher in wave ((v)) before ending wave 1 and cycle from 12.20.2022 low. GDX should then pullback in wave 2 to correct the cycle from 12.20.2022 low in larger degree before the rally resumes. As far as pivot at 12.20.2022 low (27.54) remains intact, expect pullback to find support in 3, 7, or 11 swing for more upside.
AMEX:GDX
by Elliottwave-Forecast
GDX coiling againIt has been a while since it would be even worth to look into GDX, and I think it is about time... still early, but good to plan ahead and see if it is working out as projected. GDX (Gold miners) mounted a good recovery but stalled on a trend line and retracement is likely to see 27, else 25. The technical indicators (MACD and VolDiv) are turning bullish, but not just ripe yet. Expecting a higher low about 25-27 (red ellipse is the optimistic target; also the 62% retracement level) in early to mid January 2023. Bouncing off the 23-week EMA would be a good indicator that the projection is in line. So... being optimistic for a comeback, but until the pullback is apparent, sitting on my hands first. Happy Boxing Day!
AMEX:GDX
by Auguraltrader
Portfolio Selected Visuals (PSV) vol IThis is a list of my personal portfolio selected ETFs with the simplest visuals, using MACD as the only technical indicator and the trend lines with breaks or breakdowns to give us a new series of PSV charts. ;-) Note that these are using Weekly charts, and a break out is qualified when there is a trendline break out accompanied by a MACD crossover (within a week or two). From left to right... GDX (Gold Miners ETF) qualified a break out on 31 Oct, after a higher low, but sees to have met resistance (red ellipse) ILF (LatAm ETF) is still within a trapped range. XLK (Technology ETF) qualified a break out on 14 Nov, after a higher low, but seems to have met resistance (red ellipse) soon after. GXC (China ETF) qualified a break out on 28 Nov, after a higher low. Appears to have another break out above a resistance line. XLE (Energy ETF) qualified a break out on 17 Oct, after a higher low, but seems to have broke down of support/resistance (red ellipse). INDY (India ETF) qualified a break out on 31 Oct, after a higher low, but seems to have met resistance (red ellipse). XME (Metal Mining ETF) qualified a break out on 24 Oct, after a higher low, but seems to have met resistance (red ellipse). EWS (Singapore ETF) qualified a break out on 14 Nov, without a higher low, and further qualified a better stronger break out pattern on 28 Nov. From this set of visuals, GXC and EWS are the front runners. GDX appears a close third.
AMEX:GXCLong
by Auguraltrader