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.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!