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GDX Elliott Wave Technical Analysis – 3rd September, 2014

While the alternate Elliott wave count was not technically confirmed for GDX, it has been for Gold. I will follow Gold for indication of which wave count is most likely correct for GDX. Click charts to enlarge. The clearest piece of movement is the downwards movement...

GDX Elliott Wave Technical Analysis – 18th August, 2014

While the Elliott wave monthly chart looks fairly clear at this time, the Elliott wave daily chart is not. With GDX data I cannot look at subdivisions on any time frame below daily. I have one monthly wave count and two daily charts for you this week. Click charts to...

GDX Elliott Wave Technical Analysis – 17th July, 2014

Downwards movement invalidated the alternate wave count and confirmed the main wave count. The main wave count expects downwards movement from here to about 23.10 to 22.81 in about four weeks time. However, I have a new alternate to consider today which has an...

GDX Elliott Wave Technical Analysis – 1st July, 2014

Last Elliott wave analysis expected to see upwards movement for a C wave within the triangle. Price has moved higher as expected. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first, second and...

GDX Elliott Wave Technical Analysis – 26th June, 2014

Last Elliott wave analysis expected to see downwards movement for a D wave within the triangle. Price did move lower in choppy overlapping sideways movement, but wave D has not yet arrived. Click charts to enlarge. The clearest piece of movement is the downwards...

GDX Elliott Wave Technical Analysis – 20th June, 2014

To see a monthly chart see one analysis prior. Click charts to enlarge. Within this triangle structure for intermediate wave (4) minor wave C may now be complete. Within minor wave C minute wave c is $8 short of equality in length with minute wave a. Minute wave c...