GDX
The Vaneck Gold Miners ETF has notably developed as Long as it breaks out of a previously established downward channel on the weekly chart. This upward movement finds support at the year's initial lows of $26, which also corresponds with the pre-COVID lows. This resurgence is further validated by the presence of a bullish MACD crossover, adding a bullish momentum signal to the analysis. #VaneckGoldMinersETF #BullishTrend #MACDIndicator #PreciousMetals