$GDX = Monthly Analysis = 02.03.2022 #miners #gold #GLD #GDX #preciousmetals #investing #trading $gold #ElliottWave

GDX closed February with a few very bullish signals. The question is whether this would be sufficient to break the long term bearish odds. Let’s have a closer look.

This post is part of the Weekly Analyses series that @InvestingAngles offers to followers and subscribers. The series covers US and global major indices, VIX, DXY, gold & silver, GDX, natural gas, Bitcoin and Ethereum, and some large cap stocks.

This Analysis contains:
– an overview of daily and weekly candle charts and TA;
– a long term $GDX forecast, unchanged for 15 months;
– a short term projection and targets.

GDX ANALYSIS

TA & CANDLES
The yearly and quarterly candles are bearish.

Monthly
(right chart)
GDX closed in February with a bullish Engulfing and there is a good chance to flip the quarterly bullish as well if this momentum continues and GDX closes in March with a strong green candle.
If GDX closes on March 31 above $35.82 (as I type – $35.50), the quarterly candles will make a strong bullish combo.
Odds: Bullish-Neutral

The following section is available for the subscribers only. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.

Premium Content

Read more of this content when you subscribe today.

WEEKLY ANALYSES

If you already follow @InvestingAngles on Twitter and would not want to miss an important post, you can follow the blog on WordPress by email (free service). In this case, all posts will be sent to your inbox directly, including those with Premium Content. The Premium Content sections of the posts will be readable only if you have an active subscription.

A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
https://investingangles.com/subscription/

One thought on “$GDX = Monthly Analysis = 02.03.2022 #miners #gold #GLD #GDX #preciousmetals #investing #trading $gold #ElliottWave

Comments are closed.

%d bloggers like this: