Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

I can't believe (but really can) they closed GDX exactly on the neckline of this IH&S at 18.71 going into the weekend. It popped above it briefly, but was quickly pushed back to close on it. You could see them sitting on 18.71/.72 for the last 30 minutes, knowing this was the battle line.

So, now, we must wait all weekend to find out if it confirms to the upside.



Inside candle formed on daily too. Need bullish confirmation to upside Monday.



Also, spot gold formed a perfect 3-candle bullish morning star on the daily. That's a great indicator leading into next week too. Need to get above that dark red TL for a meaningful move though.