$GDX = Weekly Analysis = 27.06.2022 #miners #gold #GDX $gold @seekingalpha @markets @wsjmarkets @CNBC #preciousmetals

This is a candle map of $GDX and it is awful (for bulls). Just a few points: the daily is on the verge of making another “death” cross 50/200 DMA; the monthly is about to make Three Black Crows. Not even remotely bullish.

Let’s have a look at the miner 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 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.

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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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