Gold Miners Junior (GDXJ) Preparing for the Next Move Higher

avatar
· Views 65

GDXJ ETF, also known as the VanEck Vectors Junior Gold Miners ETF, is an exchange-traded fund that tracks the performance of small-cap companies involved in the gold mining industry. The ETF is designed to provide investors with exposure to junior gold mining companies. Typically these companies are smaller in size and are involved in the exploration, development, and production of gold. Below we will take a look at the latest Elliott Wave outlook for the ETF.


GDXJ Daily Elliott Wave View

Gold Miners Junior (GDXJ) Preparing for the Next Move Higher

Daily Elliott Wave Chart of Gold Miners Junior (GDXJ) shows Gold Miners Junior is looking to rally higher in wave III. Up from wave II, wave ((1)) ended at 41.16 and pullback in wave ((2)) ended at 32.25. The ETF rallies higher in wave ((3)) with internal subdivision as another 5 waves in lesser degree. Up from wave ((2)), wave (1) ended at 43.89 and pullback in wave (2) ended at 35.79. Expect the ETF to find a bottom soon and turn higher.


GDXJ 4 Hour Elliott Wave View

Gold Miners Junior (GDXJ) Preparing for the Next Move Higher

4 Hour Elliott Wave Chart of GDXJ suggests that the ETF can see further downside in wave 2 to retest 5.26.2023 low at 35.79. While dips stay above the level, and more importantly above 32.18, expect the ETF to turn higher again.

Source: https://elliottwave-forecast.c...

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest