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$GDX — Is the Gold Miners Correction Setting Up the Next Major Advance?
GDX remains in a powerful long-term bullish Elliott Wave structure, despite the sharp W-X-Y correction from the recent peak.
🎯 Key conclusion: the larger trend still favors the upside while the major cycle remains intact. The decline into wave y may have completed an important corrective phase, keeping the door open for another sustained advance.
👀 Why it matters: if the current pullback holds above the corrective low and buyers regain control, GDX could be preparing for the next major bullish leg rather than a deeper breakdown.
#GDX #GoldMiners #Gold #ElliottWave #Trading
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