Elliott Wave Forecast Team
ElliottWave-Forecast.com
GDXJ, or the VanEck Vectors Junior Gold Miners ETF, is an exchange-traded fund that tracks the performance of small-cap gold mining companies. It provides investors exposure to junior gold mining companies, which are typically smaller and more volatile than their larger counterparts. This ETF offers a convenient way for investors to gain diversified exposure to the junior gold mining sector without having to select individual stocks. Below we update the Elliott Wave outlook for the ETF.
GDXJ monthly Elliott Wave view
Monthly chart of Gold Miners Junior ETF (GDXJ) above shows that the ETF ended wave ((II)) in grand super cycle degree at 16.14. From there, it starts a new bullish leg higher in the form of a nest. Up from wave ((II)), wave (I) ended at 52.5 and pullback in wave (II) ended at 19.52. The ETF then extends higher in wave (III). Up from wave (II), wave I ended at 65.95 and pullback in wave II ended at 25.80. While above 15.69, expect the ETF to extend higher.
GDXJ daily Elliott Wave view
Daily Elliott Wave Chart of GDXJ above shows wave II pullback ended at 25.88. Rally from there is now in progress as a 5 waves diagonal. Up from wave II, wave (1) ended at 41.16 and pullback in wave (2) ended at 30.46. Rally in wave (3) ended at 49.13 and wave (4) pullback ended at 40.26. Expect the ETF to continue higher in wave (5) and dips to find support in 3, 7, or 11 swing against 25.88 low.
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended Content
Editors’ Picks
AUD/USD regains traction toward 0.6300 after RBA Governor Bullock's presser
AUD/USD is marching back toward 0.6300 in Tuesday's Asian trading, capitalizing on RBA Governor Bullock's prudence amid global uncertainties. The Australian central bank warranted caution on the inflation outlook while maintaining the key rate at 4.1% earleir in the session.
Gold price extends bullish trend amid rising trade tensions; fresh record high and counting
Gold price continues to scale new record highs for the fourth straight day on Tuesday. Worries about the widening global trade war and geopolitical risks boost the commodity. Fed rate cut bets weigh on the USD and further benefit the non-yielding yellow metal.
USD/JPY trades on the backfoot below 150.00 amid trade war fears
USD/JPY edges lower in the Asian session on Tuesday as hawkish BoJ expectations continue to offer some support to the Japanese Yen. Subdued US Dollar price action weighs on the pair. Concerns over Trump's tariffs and its impact on the global economic growth remain a drag on the pair.
Ethereum: Short-term holders spark $400 million in realized losses, staking flows surge
Ethereum bounced off the $1,800 support on Monday following increased selling pressure from short-term holders and tensions surrounding President Donald Trump's reciprocal tariff kick-off on April 2.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.