Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

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Looking at last December, gold did a little double top the day prior to the rate hike, then tanked 40. Soooo, will be watching to see if we can break above todays high around 1210.85 on tomorrow.

The charts are not favoring gold at the time I am posting this.

I would imagine now that the price of gold is hovering around 1200, the big boys are waiting for a drop below 1200/1194 and let all the stop losses get triggered and get it cheaper. If this drop would have happened a month ago way before the fed meeting, it would have gotten bought up fast. But why not wait 2 days for the possibility of cheaper gold.

60 minute gold
https://invst.ly/3fsmr


4 hour gold
https://invst.ly/3fskq

Tomorrow GDXJ will not only have a rate hike fear to overcome, it also has the 20 MA, 50 MA and the 100 MA to try to break through!!!!

Daily GDXJ chart resistances
https://invst.ly/3fsp5

30 minute JDST chart. Smaller time frame good for scalp trades. This chart does favor a bounce in JDST tomorrow. This is NOT any indication of a trend change since it is only a 30 minute chart.
https://invst.ly/3fsql