GX Uranium ETF Elliott Wave technical analysis [Video]

GX URA Elliott Wave analysis

The GX URA ETF, or Global X Uranium ETF, is designed to track the performance of companies within the uranium industry. This ETF provides investors with a diversified portfolio that includes firms involved in uranium mining, exploration, and production globally. As nuclear power gains recognition as a cleaner energy alternative, the demand for uranium is expected to rise, making the GX URA ETF an appealing option for investors aiming to benefit from the sector’s growth. GX URA ETF Elliott Wave analysis

The GX URA ETF has resumed its downward trajectory, continuing the sell-off that began from its peak in May 2024. The recent decline suggests the formation of a bearish impulse wave structure, indicating that further downside movement is likely in the coming weeks. Daily chart analysis

On the daily chart, the bullish corrective cycle that began in March 2020 concluded on May 21, […]

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