$GDX 

$GDX closed Friday with a gap up doji candle. 

This candle pattern could setup an abandoned baby pattern, a rare bearish reversal signal formed when a gap-up candle is followed by a gap-down candle, leaving the middle candle isolated. 

If this pattern plays, out it would highlight a failed attempt by bulls to sustain upward momentum, as sellers would quickly step in and reject these higher prices. 

Notably, Friday’s doji occurred at the same rejection level as the incomplete dark cloud cover on Wednesday, reinforcing the significance of this resistance zone.

Despite this, $GDX remains within its ascending channel, suggesting that the broader trend is still intact, and bulls retain control for now. 

Until there is a confirmed break below the ascending channel on the daily chart, the outlook remains cautiously bullish. 

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