$GDX = Weekly Analysis + Long Term Forecast = 20.08.2022 #miners #gold #GDX $gold #preciousmetals

After this GDX call on May 28th the miner lost 22% and counting.

The open question is whether the miner has more bearish business ahead or is ready to flip bullish. In today’s analysis we will evaluate the stock from different angles.

This overview contains:
– evaluation of candle setups and TA on various frames;
– mid and long 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.

Latest GDX Analysis:
https://investingangles.com/2022/08/13/gdx-weekly-analysis-long-term-forecast-13-08-2022-miners-gold-gdx-gold-preciousmetals/

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