{"symbol":"GDX","slug":"gdx","name":"Gold miners ETF","group":"Commodities","asof":"2026-11-06","price":87.6,"scale":"log","headline":"cycle IV double zigzag, Y's (B) rising","trend":"down","swing":"up","invalidation":105.67,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"cycle IV still unfolding","structure":"","next":"minute iii toward $87.98 - 90.53, minor c toward $95.69, (B) toward $89.52 - 93.09, then (C) of Y toward $62.89 - 45.64 and cycle IV toward $55.00 - 43.54","window":null,"invalid_if":{"price":105.67,"direction":"above"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"down","wave":"cycle IV of the the whole advance five from $12.40, a double zigzag W-X-Y down from $117.18, in progress","target":{"low":55,"high":43.54},"invalidation":117.18,"window":{"from":"2027-02-08","to":"2035-11-14","likely_from":"2028-05-17","likely_to":"2031-12-16"}},{"timeframe":"Weekly","degree":"Primary","direction":"down","wave":"primary Y of cycle IV, a zigzag down from $105.67, in progress","target":{"low":62.89,"high":45.64},"invalidation":105.67,"window":{"from":"2026-11-14","to":"2027-03-27","likely_from":"2026-11-19","likely_to":"2027-03-27"}},{"timeframe":"Daily","degree":"Intermediate","direction":"up","wave":"intermediate (B) of primary Y, a zigzag up from $75.83","target":{"low":89.52,"high":93.09},"invalidation":75.83,"window":{"from":"2026-11-24","to":"2027-02-13","likely_from":"2026-12-09","likely_to":"2027-01-04"}},{"timeframe":"Hourly","degree":"Minor","direction":"up","wave":"minor c of intermediate (B), up from $82.50, in progress (minute i $86.40, minute ii a flat to $84.01, minute iii rising)","target":{"low":95.69,"high":null},"invalidation":82.5,"window":{"from":"2026-11-07","to":"2026-11-14","likely_from":"2026-11-08","likely_to":"2026-11-11"}},{"timeframe":"15-minute","degree":"Minute","direction":"up","wave":"minute iii of minor c, up from $84.01, in progress (close $87.60)","target":{"low":87.98,"high":90.53},"invalidation":84.01,"window":{"from":"2026-11-06","to":"2026-11-07","likely_from":"2026-11-06","likely_to":"2026-11-07"}}],"answer":"Gold miners ETF (GDX) Elliott Wave count at the Nov 6, 2026 close (price 87.6): the called count is cycle IV double zigzag, Y's (B) rising. It is invalid above 105.67. On the daily chart, intermediate (B) of primary Y, a zigzag up from $75.83, targeting 89.52 (invalid below 75.83).","markdown":"https://elliottwaveatlas.com/markets/gdx.md","history":[{"date":"2026-11-06","price":87.6,"status":"held","headline":"cycle IV double zigzag, Y's (B) rising"},{"date":"2026-11-05","price":85.75,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-11-04","price":84.54,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-11-03","price":77.6,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-11-02","price":79.15,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-30","price":77.08,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-29","price":81.33,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-28","price":83.94,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-27","price":83.19,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-26","price":81.02,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-23","price":80.2,"status":"held","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-22","price":81.69,"status":"changed","headline":"cycle IV double zigzag, Y falling"},{"date":"2026-10-21","price":86.72,"status":"held","headline":"cycle V under way, primary 3 starting"},{"date":"2026-10-20","price":86.1,"status":"held","headline":"cycle V under way, primary 3 starting"},{"date":"2026-10-19","price":86.47,"status":"held","headline":"cycle V under way, primary 3 starting"},{"date":"2026-10-16","price":87.71,"status":"new","headline":"cycle V under way, primary 3 starting"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}