ElliottWaveTraderPublished 2026-09-23
“Avi’s Market Minute - September 23rd 2026: Gold, Silver & GDX at a Key Juncture”
$GDXNo side taken
GDX direction depends on price action: breakout above 101.83 signals start of wave three; failure and drop below recent lows signals continued wave two correction.
There is potential that yes, we have struck the bottom of a wave two in in GDX. And that means we have a one two one two being presented for wave one of three.
That means we have to take out yesterday's high. If we are unable to take yesterday's high and take out yesterday's low instead, that puts us on a path for at least this in a more expanded ABC of wave two.
What they said to watch for