$GDX = Weekly Analysis = 18.04.2022 #miners #gold #GLD #GDX #preciousmetals $gold #seekingalpha

Today #GDX made a bearish combo that could be a strong topping formation. The recent rally was far from being smooth due to many overlaps and I would not be surprised if GDX indeed completed several ending diagonals as on the chart above.

This analysis contains:
– an overview of multiple candle charts and TA;
– a long term $GDX forecast;
– 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 Weekly Analysis:
https://investingangles.com/?p=17505

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WEEKLY ANALYSES

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