Get started
VanEck Gold Miners ETFVanEck Gold Miners ETFVanEck Gold Miners ETF

VanEck Gold Miners ETF

No trades
See on Supercharts
Overview Analysis Holdings News
Ideas
Discussions Technicals Seasonals Options

GDX trade ideas

Elliott Wave Expects Gold Miners ETF (GDX) Buyers expect soonGold Miners ETF (GDX) shows a bullish sequence from 9.26.2022 low favoring further upside. The 100% – 161.8% Fibonacci extension target from 9.26.2022 low comes at 38.3 – 45.7 area. Rally from there is unfolding as a nest where wave ((1)) ended at 33.34 and wave ((2)) pullback ended at 26.64. Wave ((3)) is in progress as another 5 waves in lesser degree. Up from wave ((2)), wave (1) ended at 36.10. Pullback in wave (2) is in progress to correct cycle from 2.24.2023 low in 3, 7, or 11 swing before the rally resumes. Internal of wave (2) is in progress as a double three Elliott Wave structure. Down from wave (1), wave ((a)) ended at 34.38, wave ((b)) ended at 35.19, and wave ((c)) ended at 34.07. This completed wave W in higher degree. Corrective rally in wave X ended at 35.19. Wave Y lower is in progress as a zigzag structure. Down from wave X, wave ((a)) ended at 33.60, wave ((b)) ended at 34.63, and wave ((c)) of Y should reach the extreme area at 31.9 – 33.15 blue box area. From this area, the ETF can extend higher in wave (3) or rally in 3 waves at least.
AMEX:GDX
by Elliottwave-Forecast
Recession is near ......watch out !!!Read these articles here , I am not a scholar to know what the government sleeves are up to but this article spells something is brewing round the corner. If you read some of my articles last year, I did say that I expect the Feds to start lowering the interest rates as unemployment figures will begin to climb higher. So far, the latter has not happened though we witnessed many tech companies reducing their head counts. Food prices around the world have gone up drastically together with property prices with the exception of your salaries. Think about it , many countries like China, Singapore, South Korea, etc are experiencing aging population with low birth rates. As the workers get into their late 40s , it becomes harder to find a job that pays the same or higher. So, they are stuck in their current job, many are unhappy but for the sake of their mortgages , they have to suck thumb and stay with it. Then another trend appears - part time and freelance jobs. For those who has little choices, they have to double up to take on extra jobs after their working hours just to make ends meet. From being a tutor to becoming a Grab food delivery rider. We all agreed things back in our grandparents days were much simpler and things definitely costs less. They have fewer wants and needs so even with lower wages, they can get by. We are in a different era now. Regardless if you think Gold is a productive assets that generate returns or not, it is still in the mind of many (including the Government) to buy gold when recession is forthcoming. When will this change? I don't know. Just be a trend follower and ride the wave out . Just remember, not to stake all that you have but allocate a fixed percentage (5-10%) of your capital to different assets class. That way, you are insured that at any point in time, the probabilities of a total collapse of all asset classes is reduced. Think harder, if your earned income become lesser, your reserves to set aside for investment should naturally reduce as well. That means, your spread to different asset class also reduced. So, finding other sources of income become even more crucial in times of recession coz nobody knows for sure when you are going to be replaced.
AMEX:GDXLong
by dchua1969
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
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 MarketIntel
2
GDX - A Tale of Two RoadsA path is never in a straight line, but trends do tend to remain until broken. GDX's trend has been mostly down since its rise into the glistening lights offered around $66 just over a decade ago. Many have rode beside this golden hue over the past decade and wondered if it will ever reclaim its once radiant luster... the truth is no one really knows, but using the past as a precursor one can glimmer an ounce of perception in the hopes it will unfold in that direction. I present two roads for GDX to follow... neither will be exact (especially in time), but one could offer some respite for the wary traveler that has so faithfully remained by this golden hue's side. Candles will be our North Star for this journey, and currently the 3 month candle is a doji - if this star becomes a shooting one, then the bearish odds will intensify, if this star becomes a continuation/green candle (closing in the small rectangle), then the bullish odds will resume for at least a few more months. The Monthly candle has engulfed most of the bullish momo, and if a monthly candle closes below the danger zone, then the 1:2, 1:2 bullish set up (yellow path) is likely negated. The Elliot Observer would like to offer food for thought, 5 waves down is always followed by another 5 waves down... this should hold true even if GDX has never been impulsive. GLTA!
AMEX:GDXShort
by kstrizzle001
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
Canary down the gold mine I think GDX is a good marker for risk for medium to longer term Apart from diehard metals bugs it’s an unloved sector One narrative is that risk appetites have changed and most people would prefer to invest in tech, but tech has been decimated over the last year There’s another narrative that crypto has made this sector less relevant The charts show a bubble that popped in 2011 and a major downtrend from there (blue) But what we also see is an uptrend since 2015 I believe miners broke out when gold did in 2015 And I believe both are in bull markets, post significant corrections If gold is going to be relevant as we edge towards 2030, miners need to prove it now We shall see if the golden Age of Aquarius is indeed real I’m targeting 50 for Gdx this year, but as with most things depends on the dollar The majority believe the dollar just bottomed I don’t GRI 2023 DYOR
AMEX:GDXLong
by Great_Reset_Investing
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