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Archive
- 4/10/2026 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Market Vectors Gold Miners (GDX). During the week, the GDX gained 4.80 points, or 5.07%, and closed at 99.39 on Friday, April 10, 2026. Weekly volume was -33% below average.
 Long-term trend: [See GDX long-term trend chart]
A long-term uptrend had started on September 26, 2022 at 21.52 and reached 117.18 on March 2, 2026. GDX gained -95.66 points, or -444.52%, in 179 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GDX medium-term trend chart]
A medium-term uptrend had started on October 4, 2023 at 25.62 and reached 117.18 on March 2, 2026. GDX gained -91.56 points, or -357.38%, in 125 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (41.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 13, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See GDX short-term trend chart]
A short-term uptrend had started on March 20, 2026 at 78.74 and reached 101.37 on April 8, 2026. GDX gained -22.63 points, or -28.74%, in 19 days. The price is now at the 8.75% retracement level.
 Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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