$GDX = Weekly Analysis = 09.04.2022 #miners #gold #GLD #GDX #preciousmetals $gold #seekingalpha

Recent ugly moves by #GDX could possibly be coming to an end of an ending diagonal. A new high above $40.26 and a sharp moves down: first, to $35.67, then to $28.88 would be a very reasonable path if $GDX follows the Elliott Waves guidelines. We shall know in the next few weeks.

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

This post is part of the Weekly Analyses (link) 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.

Previous Analysis:
https://investingangles.com/2022/04/05/gdx-quarterly-analysis-05-04-2022-miners-gold-gld-gdx-preciousmetals-gold-seekingalpha/

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