Replies to post #39576 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Yes, you see it right. NUGT HOD and GDX 1 penny from HOD. LOL

GDX printed a hella good daily candle and close back above both EMA 4 & 8. Sets up nicely for next week. Gives the appearance of making a charge at the 50 MA next week once it gets within the bolly's (but will it?).

Weekly managed to close above EMA 4 and just below EMA 8. The range into the tip of the lower-line wedge is growing ever tighter as these weeks progress. Something gotta happen soon.

Traded both sides with 100% accuracy this week. Going into the weekend, new week, new month, new quarter empty handed, but also worry free. :-)





I will add...failed to close above the trendline again. Good for gold, bad for USD.

[Nightridertwou]

Yeppers indeed you did.