'Golden Dome' Has Formed on the Chart of This Gold Mining ETF. The Bull Rally in Precious Metals Has Run Out of Steam.

A technical review of the VanEck Gold Miners ETF (GDX) argues that a golden dome pattern is forming, signaling fading upside momentum. The analyst notes a parabolic rise from March 2025 to March 2026, peaking near 118 dollars before retreating to about 105 dollars roughly 60 days ago. Across timeframes, daily charts hint at further upside, but weekly and monthly views point to a longer-term decline as the PPO oscillator rolls over. The takeaway for disciplined traders is that the bull run has shifted into distribution and may weaken without a new catalyst.