Select Page

GDX Elliott Wave Technical Analysis – 19th June, 2014

Last Elliott wave analysis three days ago expected upwards movement for GDX. The target for it to end is 26.18. At the time of writing it is getting very close to this target. Click charts to enlarge. The clearest piece of movement is the downwards movement from the...

GDX Elliott Wave Technical Analysis – 16th June, 2014

Downwards movement for GDX, like Gold, did not reach the minimum requirement for a flat correction. This changes the wave count for the short to mid term for GDX. I expect now that like Gold it is completing a fourth wave triangle. Click charts to enlarge. The...

GDX Elliott Wave Technical Analysis – 25th May, 2014

The structure of the daily chart for GDX looks remarkably similar to Gold. This wave count supports the current wave count for Gold. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first, second...

GDX Elliott Wave Technical Analysis – 7th March, 2014

The data for this market has many gaps, and the structures are not entirely typical looking Elliott wave structures. Although there are some Fibonacci ratios, they are not as prevalent as ratios within Gold. I am only able to import daily data, and I cannot check...