Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Right here. Gold has now filled the gap at 1297/98 on the 4 hour that I've been talking about for weeks. It has also completely retraced its "breakout" move. Now, 2 big gaps left above to go fill back in over the coming weeks. Gold also about to tag the lower bolly on the daily that I said was overdue too. GDX filled the gap at 23.50 on intraday charts that I've also been talking about.

So, support is everywhere around here...but that doesn't mean it will hold immediately or without a flush.