Gold Miners (GDX) Approaching Key Support ZoneGold and gold miners are now approaching important support zones that could define the next major market move. The weekly chart of the VanEck Gold Miners ETF (GDX) highlights a critical area where the ongoing wave 4 correction could potentially find support before the next impulsive advance begins.
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Key stats
Profile
Home page
Inception date
May 16, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189F1066
CUSIP
92189F106
FIGI
BBG000PLNQN7
Identifiers
ISIN US92189F1066
GDX is a leading, liquid fund in the gold mining ETF space, originally focused on US gold miners. In 2013, it expanded to track global gold companies via the NYSE Arca Gold Miners Index. On Sept. 22, 2025, another index change, expanding the exposure again to include both gold and silver mining, royalties, or streaming globally. The index selects top securities by free-float market cap, covering at least 85% of industry market cap and including at least 25 components. Companies from certain countries are excluded due to investment restrictions. Holdings are weighted by adjusted market cap, with a 20% cap per company, and the index is reconstituted and rebalanced quarterly.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Breakdown by region
Top 10 holdings
GDX Elliott Wave Bearish Sequence Intact as it Turns Lower The Gold Miners ETF (GDX) continues to exhibit an incomplete bearish sequence from the March 2, 2026 high, and this structure still favors additional downside. The broader decline retains a clear impulsive and corrective rhythm, which strengthens the case for further weakness before a more durable r
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$GDX Nears Critical Triangle Apex: Breakout or Breakdown?AMEX:GDX – Approaching a Major Decision Point
AMEX:GDX is compressing into a symmetrical triangle, with price caught between a well-defined descending resistance trendline and a rising support trendline that aligns closely with the 200-day EMA. The former breakout level around $84 has repeatedly
GDX Approaches Key Support Zone $78.6– $82 RangeThe short‑term Elliott Wave outlook for Gold Miners ETF (GDX) shows a correction unfolding from the March 20, 2026 low. This move is developing as a zigzag structure, a common three‑wave corrective pattern. From the March 20 high, wave (A) ended at $85.46, followed by a rally in wave (B) that reache
GDX: Macro upside potential for 2026+Gold miners present an interesting mid‑ to long‑term opportunity at current levels, with an ideal macro resistance zone projected into the 135–150/180 area into late 2026 and beyond.
Chart (Weekly - Zoom In):
Mid‑term support zone stands in the 87–70 area, where pullbacks are likely to be abs
Gold Miners ETF (GDX) Zigzag Correction UnderwayThe short-term view for the Gold Miners ETF (GDX) shows a correction unfolding in a zigzag Elliott Wave structure. From the all-time high on March 2, wave ((A)) ended at $95.96. A rally in wave ((B)) followed, reaching $105.74. The ETF then resumed its decline and broke below the termination point o
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GDX trades at 75.78 USD today, its price has risen 2.98% in the past 24 hours. Track more dynamics on GDX price chart.
GDX net asset value is 75.68 today — it's fallen 2.57% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GDX assets under management is 23.20 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GDX price has fallen by −4.75% over the last month, and its yearly performance shows a 49.03% increase. See more dynamics on GDX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.57% over the last month, have fallen by −2.57% over the last month, showed a −23.09% decrease in three-month performance and has increased by 48.13% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −2.57% over the last month, have fallen by −2.57% over the last month, showed a −23.09% decrease in three-month performance and has increased by 48.13% in a year.
GDX fund flows account for 972.53 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GDX invests in stocks. See more details in our Analysis section.
GDX expense ratio is 0.51%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GDX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GDX technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDX shows the buy signal. See more of GDX technicals for a more comprehensive analysis.
Today, GDX technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDX shows the buy signal. See more of GDX technicals for a more comprehensive analysis.
Yes, GDX pays dividends to its holders with the dividend yield of 0.86%.
GDX trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GDX shares are issued by Van Eck Associates Corp.
GDX follows the MarketVector Global Gold Miners Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 16, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.









