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GDX Elliott Wave Technical Analysis – 9th October, 2014

As expected GDX has moved lower. The target for minute wave iii to end was 22.32 and I expected it to be met one to two weeks after last analysis. It looks like it may have ended at 22.02 one and a half weeks after last analysis. I expect a little sideways movement to...

GDX Elliott Wave Technical Analysis – 12th September, 2014

As expected GDX has moved lower. This Elliott wave count looks correct so far. We have some price confirmation with a new low below 25.59. Click charts to enlarge. The clearest piece of movement is the downwards movement from the high. This looks most like a first,...

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...