GDX

On monthly chart cycles are 6, 12, and 84 months. The next bottom of 6 months cycle is in September of 2023. Since it is close to the end, I expect top of 36.23 not to be broken and it should decline towards 27.70 or whereabout.

On weekly chart cycles are 26 and 66 weeks. The bottom of the current 26 weeks cycle is the week of September 29th. Both cycles are in the second part. There was a strong reversal last week, but based on cycles I expect a trading range in the near future.

Daily cycles are 28, 56, and 112. We have just started 28 days cycle and the market went strongly up. But other cycles are pointing down and I don't expect a strong advance untill all the cycles bottom in August 17th.