Hey fellow merchants. On this technical article, we take a fast have a look at the Elliott Wave charts of the Gold Miners ETF (GDX), revealed within the members’ space of our web site. The ETF reveals bullish impulsive sequences on each the day by day and weekly charts. The construction factors to a powerful uptrend, with larger highs and better lows. Pullbacks ought to discover assist in key areas, providing shopping for alternatives.
Within the following sections, we clarify the Elliott Wave construction, spotlight key ranges, and description attainable situation. We give attention to buying and selling with the pattern and keep away from promoting whereas the bullish sequence stays intact.
GDX Elliott Wave 4 Hour Chart 3.23.2026
Present evaluation suggests GDX is near finishing wave (IV) (blue) as an ABC zigzag. The acute zone has already been reached at 81.55–66.56, marked because the blue field. So long as worth stays above the 66.56 low, the bullish rely stays legitimate. We count on additional energy within the ETF. A rally from the consumers’ zone might result in new highs. We advise in opposition to promoting.
Official buying and selling technique on How you can commerce 3, 7, or 11 swing and equal leg is defined in particulars in Instructional Video, obtainable for members viewing contained in the membership space.
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GDX Elliott Wave 4 Hour Chart 3.23.2026
GDX ETF held above 66.56 and prolonged larger, as anticipated. The correction ended at 74.12, which now acts as the important thing stage. From that low, GDX accomplished a 5-wave advance labeled ((1)) in black. A 3-wave pullback towards 81.56–77.48 is predicted. After wave ((2)) completes, we will outline the following upside goal.
Be mindful, the market is dynamic. The introduced view might change over time. You may verify the newest charts and goal ranges within the membership space of the location. The most effective devices to commerce are these with incomplete bullish or bearish swings. These are listed within the Sequence Report, and the very best ones are proven within the Stay Buying and selling Room.
Thanks for exploring our GDX technical article with us. Whereas we analyze 78 devices, it’s necessary to do not forget that not each chart represents a buying and selling advice. For official buying and selling alerts, we invite you to affix our Stay Buying and selling Room, the place we offer actionable insights in real-time. Should you’re not but a member, benefit from our 14-day trial to unlock new buying and selling alternatives.