VanEck Gold miners ETF – GDX Elliott Wave technical analysis [Video]

VanEck Goldminers ETF – GDXElliott Wave analysis

Conclusion and strategy

• GDX is in the early stages of a bullish impulse, with the most powerful wave segment currently in play.

• The rally remains intact, and momentum is building toward the projected$55.24 level.

• Traders shouldtrack wave development closelyand respect theinvalidation point ($40.26)to manage risk.

• Thestructure aligns strongly with classic Elliott Wave rules, indicating a high-confidence trade setup.

TradingLounge –Analyst: Siinom.