SHORT GDX or LONG DUST // Swing TradingAfter correction of Gold (GLD) day before yesterday.
A equity market open for a risk-on scenario, maybe cooldown the gold rally for a while.
Today GDX filled the gap of the yesterday decline stopin at $50 (yellow mark).
Target $44-$45. First level of Fibonacci.
Key stats
About VANECK ETF TR
Home page
Inception date
May 16, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
GDX is one of the most popular funds in the global gold-mining segment, a trading powerhouse with deep primary, secondary and derivatives markets. Following a 2013 overhaul of the fund`s index, GDX is no longer limited to US-listed firms, nor does it filter out firms that have hedged their gold exposure with derivatives. In addition, it includes firms mining other precious metals in addition to gold, so it`s not entirely pure-play gold miners. GDX includes all the major names, but the fund`s broader take on the gold-mining space means that the big firms get less weight than in our neutral benchmark. As an industry benchmark, GDX falls a bit short, but it's still hugely popular.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
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Here’s fundamental and technical analysis of the key factors behind this outperformance, by our @PandorraResea
Elliott Wave View: Gold Miners ETF (GDX) Impulse Rally Should ExGold Miners ETF (GDX) shows incomplete bullish sequence from 30 December 2024 low favoring more upside. Up from 30 December, wave (1) ended at 43 and pullback in wave (2) ended at 38.58. Wave (3) higher is in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wav
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The first pattern on today’s chart of the VanEck Gold Miners ETF is the falling trendline along the highs of October and February. GDX cleared that resistance on
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.