Direxion Daily Gold Miners Bull 2X (NUGT)

[Watchtower]

Gold is FACEPLANTED to longterm DT resistance, like at the end of August.. but can you spot the difference?

https://www.tradingview.com/x/jJaYNh5e/

I am wary of possibilities for FED smackdown.. so hard to trust a controlled market. My hope is that the Etch-A-Sketch wizards of USD are in favor, but whudduhell-do-I-know! lol.. My theory is that commodities must recouple with markets to foster a true natural recovery into a new bull cycle.. just a theory I am musing.. but wouldn't this run counter to the FED's "currency war" interests? Maybe, just voices in my crazy head I guess.. this apparently is not a natural market.. the natural market would have likely tanked some time ago were it not for "quantitative measures"..

As always, PREPARE FOR CONTRADICTIONS!


(also check out my LTNC TA, but do your own DD, thx)