$GDX = Monthly Analysis = 04.06.2022 #miners #gold #GDX $gold @seekingalpha @markets @wsjmarkets #preciousmetals

GDX closed May and this week with a few interesting candles. Is the miner ready for the next move as shown on this chart designed in November 2020? Let’s have a look from different angles.

This analysis contains:
– an overview of multiple candle charts and TA;
– a mid and short term forecasts 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, volatility and bonds, commodities and crypto, currencies and some large cap stocks.

Previous Analysis:
https://investingangles.com/2022/05/28/gdx-weekly-analysis-28-05-2022-miners-gold-gdx-gold-seekingalpha-markets-wsjmarkets-preciousmetals/

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WEEKLY ANALYSES

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This epic forecast of a 30% loss was shared with subscribers on April 9th. The results – on the right chart. No more comments.

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