VanEck Gold Miners ETF
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$GDX: Next Target $38.41

This is not financial advice.

I believe GDX will make a run up to at least $38.41, and potentially higher.

The measured move is confirmed by long hand as well as Fib. extension:

1. High of $33.34 minus it's low of $21.52 (Point A) = $11.82. Point B's (retracement) low of $26.59 + $11.82 = $38.41.
2. Drawing the Fib. extension as show on the chart confirms the same price target.

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