Gold Miners Continue to Climb...

The Direxion Daily Gold Miners Bull 3X ETF (NUGT) continues to climb off of its lower-channel boundary line in the vicinity of 9.55/50 (last Thurs-Fri) in route to a challenge of the upper-channel boundary, now in the vicinity of 12.40/80.

At this juncture, only a decline that breaks near-term support between 10.90 and 10.60 will compromise the unfolding constructive set-up.

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