MicroSectors Gold Miners 3x Leveraged Inverse ETN – GDXD

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Technical Observation (on the daily chart): 

GDXD has been in a prolonged consolidation phase and is now beginning to show potential for upward movement, presenting a positive outlook. However, it may continue to consolidate before making a notable rise. The 14-day Relative Strength Index (RSI) is currently in a favourable position, though it might face a slight downturn. Additionally, GDXD's price remains below its 50-day Simple Moving Average (SMA), which is expected to serve as a temporary resistance level during any future volatility. Once the price breaks through these levels, a further upward move becomes possible.

Individuals can evaluate the ETF based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is April 8, 2025 (11:50 am PDT). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: ‘Kalkine reports are prepared based on the prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.