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Gold Miners Continue to Climb...


Tuesday January 24th, 2017
Gold Miners Continue to Climb...
by Mike Paulenoff www.MPTrader.com

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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