Hello everyone! In today’s article, we’ll examine the recent performance of VanEck Gold Miners ETF ($GDX) through the lens of Elliott Wave Theory. We’ll review how the rally from the Nov 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this ETF. 5 Wave Impulse + 7 Swing WXY correction $NVDA $GDX 1H Elliott Wave Chart 12.09.2025: $GDX In the 1-hour Elliott Wave count from Dec 09, 2025, we saw that $GDX completed a 5-wave impulsive cycle at red 1. As expected, this initial wave prompted a pullback. We anticipated this pullback to unf