Elliott Wave analysis for the VanEck Gold Miners ETF (GDX) suggests a robust bullish trend has emerged since December 30, 2024. This rally showcases a ‘nesting impulse’ pattern, indicating smaller waves that build up to an extended third wave. Investors are optimistic about the ETF’s potential as the gold mining sector gains traction in the market. Understanding these patterns can help traders make informed decisions and capitalize on the bullish sentiment in the gold miners market. Monitoring the performance of GDX will be crucial for future trading strategies as the analysis unfolds.