GDX Elliott Wave Technical Analysis – 19th October, 2017

Three Elliott wave counts are presented below in the order in which they were developed, not in the order of probability: FIRST WAVE COUNT MONTHLY CHART Click chart to enlarge. DAILY CHART Click chart to enlarge. SECOND WAVE COUNT MONTHLY CHART Click chart to enlarge....

GOLD Elliott Wave Technical Analysis – 13th April, 2017

Upwards movement continues and price has remained within the upper half of the channel on the hourly chart, which was expected at this stage. Trading advice is given to members to manage long positions towards the end of this week. Summary: In the short term, a...

GOLD Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price moved lower, but has rebounded strongly after the session closed. Downwards movement remained above the invalidation point on the hourly chart. Summary: Look out for strong upwards movement from both Gold and GDX, which may still...

GDX Elliott Wave Technical Analysis – 14th November, 2016

Today for GDX I have Elliott wave charts, classic weekly and daily technical analysis charts, and a brief summary. Summary: There is a strong downwards trend for GDX that does not show signs of weakness yet. Only when RSI and / or Stochastics reach oversold and then...

GDX Elliott Wave Technical Analysis – 7th October, 2016

Last GDX analysis on 31st of August expected the downwards trend to be interrupted by a bounce. Price moved sideways for about four weeks, which fits expectations, and is now moving strongly lower. Summary: A downwards trend is in place for GDX, but the bears look...

GDX Elliott Wave Technical Analysis – 31st August, 2016

Last GDX technical analysis was very bearish. Price has continued lower. Summary: This downwards trend may be interrupted here for a bounce. How high the bounce goes may tell us what may happen next. There are multiple structural Elliott wave options open, so it is...