Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Say hello to our little friend, the 4 hour Gold chart. Current period is breaking ABOVE descending trendline (needs to hold up until next period starts at Noon EST). Also, forming a 'potential' inverse head and shoulders at the same time.

"IF" (big if), Gold can muster enough strength to take out 1180-1181 in the coming hours...it will likely explode higher. Nothing is for sure unless/until confirmed. GL.