Australian (ASX) Stock Market Forum

GDX - VanEck Gold Miners ETF

GDX is still knocking on a break up. Bit of a flag formed up there. It's catching up on POG a little but still has some way to go. Hopefully the gold miners don't squander this opportunity like they've done in the past.

Screenshot 2024-05-16 at 1.29.27 PM.png
Hoping this old resistance line around 5425 is some support during this pullback. Will need POG to hold this support zone around 2375 and the XAO to stay above 8000 probably. Or, might have a deeper pullback.

Screenshot 2024-05-23 at 11.14.15 AM.png
Screenshot 2024-05-23 at 11.16.55 AM.png