$GDX = Weekly Analysis = 10.09.2021 #gold #GLD #GDX #preciousmetals #investing #trading $gold #miners

GDX weekly closure is plain bearish. Let’s explore the hypothesis from the different time frames and different angles.


The August candle was a standard bearish continuation candle that managed to close below July low and below 20m EMA line.
The majority of indicators point down. If GDX in September closes above $35, this would be bullish (very low odds at this point). Every other closure would be bearish.
Odds: Bearish

This weekly candle is a bearish Engulfing that cancels some bullish hopes of last week. Last week, GDX produced a very classical Bullish Harami combo that was clearly confirmed this week.
The weekly price is back below 8 EMA, the majority of indicators point down.
We might see some bullishness early in the next week, but it is expected to close with a red candle.
Odds: Bearish

If you would like to continue reading and learn about the daily candles, GDX short- and mid-term perspectives from the EW point of view, and the forecast, please subscribe.

Premium Content

Read more of this content when you subscribe today.

The detailed previous Monthly and Weekly analyses with forecast can be found by the links below.

Follow the blog on Twitter @InvestingAngles or by email subscription.

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.


Previous Monthly & Weekly:

$GDX = Monthly Analysis = 31.08.2021 #gold #GLD #GDX #preciousmetals #investing #trading $gold #miners

$GDX = Weekly Analysis = 03.09.2021 #gold #GLD #GDX #preciousmetals #investing #trading $gold #miners

5 thoughts on “$GDX = Weekly Analysis = 10.09.2021 #gold #GLD #GDX #preciousmetals #investing #trading $gold #miners

  1. Hi, the graphics on the charts are not too clear, even when enlarged especially the price on the y-axis. Not clearly visible. Could this be improved upon, please? Thanks.

  2. Hi, there is an intermittent issue with the backend that is managed by WP.
    Could you try to install a WordPress reader?

Comments are closed.

%d bloggers like this: