VanEck Gold Miners ETF
Investment Thesis
GDX is deeply oversold after a brutal 17% four-week slide, but sellers appear to be running out of ammunition: volume has contracted 16% below its 20-day average, stochastics are at 14.8, and a bullish RSI/MACD divergence is forming — setting up a tactical mean-reversion bounce toward the $77–78 resistance zone.
Catalysts to Watch
GDX dropped ~17% from its June high of $86.57 to $71.32 over four weeks on steadily contracting volume, with the stochastic oscillator collapsing to 14.8 (deeply oversold) and a bullish RSI/MACD divergence now registering
Why It May Work
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Timeline
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