Replies to post #11058 on Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

Thanks

Here are plausible scenarios IMO:

Between now and CPI, Gold trades to top of the channel area
CPI release is weak on inflation, Gold starts its descent again

vs.

Gold trades in the middle channel range until CPI
CPI surprises and Gold moves up to top of channel