GDX Elliott Wave Analysis (2026)
GDX tracks gold mining companies. It provides leveraged exposure to gold price movements through miner operating leverage.
- Symbol
- GDX
- Asset class
- Thematic ETFs
- Timeframes
- H4 + Daily
- Cadence
- Weekly Monday refresh
- Full name
- VanEck Gold Miners ETF
GDX wave structures amplify gold's moves with 2-3x leverage. Impulse waves during gold bull markets are explosive. Corrections can be deep and complex.
Key levels tied to gold prices, mining costs, and real interest rates.
GDX wave analysis combined with gold price analysis provides the highest conviction setups in the mining space.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
Every GDX wave count follows the same five-step process Artavest analysts apply to all 108 instruments: identify the active wave degree, count the impulse and corrective structure, apply Fibonacci targeting, mark the explicit invalidation level, and stamp a directional bias plus confidence rating.
Wave Degree
Identify which wave degree is active on H4 and Daily.
Count Structure
Apply 5-wave impulse + 3-wave corrective rules.
Fibonacci Targets
Project 1.618×, 2.618×, 4.236× extensions.
Invalidation Level
Mark the exact price that breaks the count.
See the full process at Our Methodology or browse the 137-term Elliott Wave glossary.
GDX Elliott Wave — FAQ
What is the current GDX Elliott Wave count?
Artavest Pro publishes weekly GDX Elliott Wave analysis across H4 and Daily timeframes, refreshed every Monday before US market open. Each refresh includes the primary wave count, an alternative scenario, Fibonacci-based targets, and an explicit invalidation level. Subscribe to access the live wave count.
How does Elliott Wave behave on GDX?
GDX wave structures amplify gold's moves with 2-3x leverage. Impulse waves during gold bull markets are explosive. Corrections can be deep and complex.
What are the key GDX levels to watch?
Key levels tied to gold prices, mining costs, and real interest rates.
How often is GDX Elliott Wave analysis updated?
GDX wave counts are refreshed every Monday before US market open. When the count materially changes mid-week — a key level breaks or invalidation triggers — Artavest publishes an immediate alert to subscribers.
Is Elliott Wave reliable for GDX?
Elliott Wave provides probabilistic forecasts, not guarantees. Artavest publishes a public track record so subscribers can verify accuracy themselves — every GDX call is tagged HIT, CORRECT, INVALIDATED, or INCORRECT on resolution. GDX wave analysis combined with gold price analysis provides the highest conviction setups in the mining space.
Get Weekly GDX Analysis
Refreshed every Monday before US market open, with mid-week alerts when wave counts change. H4 and Daily wave counts with precise Fibonacci targets.