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Archive
- 10/23/2026 -
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Market Vectors Gold Miners (GDX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Market Vectors Gold Miners (GDX). During the week, the GDX dropped -7.51 points, or -8.56%, and closed at 80.20 on Friday, October 23, 2026. It was the worst weekly loss since June 5, 2026. Weekly volume was -29% below average.
 Long-term trend: [See GDX long-term trend chart]
A long-term downtrend had started on March 2, 2026 at 117.18 and reached 69.74 on July 17, 2026. GDX lost 47.44 points, or 40.48%, in 19 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See GDX medium-term trend chart]
A medium-term downtrend had started on August 25, 2026 at 105.67 and reached 78.92 on October 23, 2026. GDX lost 26.75 points, or 25.31%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (79.53) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See GDX weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See GDX short-term trend chart]
A short-term downtrend had started on October 16, 2026 at 89.22 and reached 78.92 on October 23, 2026. GDX lost 10.30 points, or 11.54%, in 7 days. The price is now at the 12.43% retracement level.
Daily Technical Indicators: [See GDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 21, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
89.22 |
| High Date |
10/16/2026 |
| Low |
78.92 |
| Low Date |
10/23/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Support |
| Resistance |
88.29 |
| Support |
79.53 |
| High |
105.67 |
| High Date |
08/25/2026 |
| Low |
78.92 |
| Low Date |
10/23/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
69.74 |
| Low Date |
07/17/2026 |
| High |
105.67 |
| High Date |
08/25/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
117.18 |
| High Date |
03/02/2026 |
| Low |
69.74 |
| Low Date |
07/17/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
21.52 |
| Low Date |
09/26/2022 |
| High |
117.18 |
| High Date |
03/02/2026 |
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