Market Vectors Gold Miners(GDX)

Market Vectors Gold Miners (GDX) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for GDX · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$89.97last close · Aug 14, 202652-week range $56.59 – $117.17 · 23.22% below the high
Falling Wedge · playing out now

GDX just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 80% of the time.

As long as price stays above $69.74, the setup is intact — a daily close back below there is the cue to step away.

It's already reached the first target near $83.88 and is still going. From here, the calm way to follow the move is to stay with the 10-day average — and only step aside when a day finally closes below it.

GDX Falling Wedge Pattern

GDX is currently forming a falling wedge on the daily timeframe. Detected Aug 14, 2026.

DirectionBullishTarget$83.88Projected move+15.1%Breakout level$72.68

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
55.2%
Avg return
+0.33R
Backtested trades
8,372
GDX win rate
76.5%

Historical pattern statistics (2006-08-14 – 2026-08-14), not a prediction.

How these backtests work →

GDX Pattern Trade History

Every completed pattern trade our nightly backtest found on GDX's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 5, 2026 @ $83.67Jul 17, 2026 @ $70.99Win+1.90R
Rising WedgeMar 5, 2026 @ $104.20Mar 19, 2026 @ $84.93Win+1.48R
Bullish PennantFeb 19, 2026 @ $103.32Mar 13, 2026 @ $93.26Loss-1.70R
Rising WedgeDec 29, 2025 @ $86.92Jan 6, 2026 @ $92.14Loss-1.10R
TriangleJul 21, 2025 @ $52.04Jul 28, 2025 @ $52.59Win+0.35R
Falling WedgeJul 14, 2025 @ $52.78Aug 19, 2025 @ $56.60Win+1.57R
Rising WedgeOct 18, 2024 @ $42.81Nov 11, 2024 @ $36.73Loss-1.31R
Rising WedgeSep 23, 2024 @ $40.54Nov 12, 2024 @ $36.11Loss-1.02R
Rising WedgeMay 24, 2024 @ $35.14Jul 11, 2024 @ $38.09Loss-1.27R
Bullish PennantMay 9, 2024 @ $34.59Jul 19, 2024 @ $37.39Win+1.69R
TriangleNov 29, 2023 @ $31.22Feb 9, 2024 @ $26.97Loss-1.01R
Bullish PennantNov 7, 2022 @ $25.19Nov 28, 2022 @ $27.30Win+0.81R

Recent Falling Wedges on Other Charts

TJXstopped −2.5%Aug 14, 2026ASMLstopped −8.5%Aug 13, 2026QQQstopped −6.9%Aug 13, 2026QQQMstopped −6.9%Aug 13, 2026

Learn about falling wedge

GDX Support and Resistance Levels

Price is bouncing off a floor near $75.11 and starting to climb. On the weekly chart, the next ceiling overhead sits near $107.24 — about 19% away.

  • Traders commonly watch $107.24 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $75.11 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $73.57. These are chart/swing-derived levels, not formula pivots.

Support
$73.57$72.96

GDX Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$89.64$91.02$89.36$89.97
Aug 13, 2026$89.21$89.25$87.52$88.27
Aug 12, 2026$92.59$92.66$90.38$90.96
Aug 11, 2026$90.00$90.94$89.25$90.12
Aug 10, 2026$88.90$90.75$87.43$90.49
Aug 7, 2026$89.31$90.80$88.44$89.89
Aug 6, 2026$82.44$84.48$82.18$83.92
Aug 5, 2026$82.20$84.31$81.81$83.68
Aug 4, 2026$77.61$78.86$77.01$77.92
Aug 3, 2026$74.31$76.12$73.62$76.05

GDX Frequently Asked Questions

What chart pattern is GDX forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a falling wedge on Market Vectors Gold Miners (GDX) on the daily chart, with a measured-move target of $83.88.
Is a falling wedge bullish or bearish?
The falling wedge detected on GDX is a bullish pattern, projecting a measured-move target of $83.88. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,372 trades over 631 symbols), it resolved in the expected direction 55.2% of the time with an average of +0.33R. These are historical statistics, not a prediction.
What are the support and resistance levels for GDX?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), GDX's nearest support is around $73.57 and nearest resistance around n/a.
What is the price target if GDX's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $83.88 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was GDX's closing price on Aug 14, 2026?
Market Vectors Gold Miners (GDX) last closed at $89.97 on Aug 14, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.