Replies to post #40765 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Almost, but not yet. If it prints that doji and/or a small green candle today inside the long candle yesterday...that technically is a bullish harami. Meaning, if confirmed tomorrow to the upside signals a trend change.

Now, this is according to normal technicals...which of course do not apply to anything gold/metals related...so take it with a grain of salt.

And now that US markets are just joining the 'party'...I'm sure the normal slam fest will commence momentarily anyway...wiping out a doji or green candle possibility.

EDIT: Not sure why, but the daily candle on my XAU/USD chart already has an open below yesterday's close...which would render the harami possibility incorrect. I 'believe' the entire body of today's candle would need to be inside the red body from yesterday for that.

[weazelboy]

And just noticing this on the 4 hour...but Gold better giddy-up higher ASAP...as that's a bear flag currently that would slingshot price into 1180-1183 range, quickly...

[Citrati]

Please make sure it is a ground floor window. Anything higher and the weight will prove to be ultra destructive.

Been a long time since we have seen green in this sector other than a piece here or there.