The Gold Miners ETF (GDX) is on the rise, showcasing an incomplete bullish sequence from the low set on December 30, 2024. The price action indicates more upside potential as many investors remain optimistic.

The rise from December culminated in wave (1) reaching 43, followed by a corrective pullback in wave (2) concluding at 38.58. This technical setup signals a significant opportunity for bullish traders moving forward.

As the market continues to evolve, keeping a close watch on GDX will be crucial for investors looking to capitalize on this bullish momentum. Good prospects lie ahead if the market conditions remain supportive.