$GDX Weekly Analysis + Long Term Forecast 16.07.2021

The weekly GDX candle made a strong bearish statement. It confirmed the reversal hinted by yesterday’s combo. Expect a strong bearish continuation next week and possibly beyond. Let’s explore the hypothesis from different angles. MonthlyGDX is operating under the Bearish Engulfing of June. The damage is done on the monthly scale and the odds have…