Get started
BobbySpa

DUST - gap fill premarket

Long
Direxion Daily Gold Miners Index Bear 2X Shares (AMEX:DUST)  
BobbySpa Updated   
AMEX:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
Trend Analysis Chart Patterns Technical Indicators
3
4
trendanalysis chartpattern indicator
DUST is filling a gap from last Monday's pop on the news that Buffet purchased GOLD. This is roughly the .50 FIB retracement level. I think this is a head fake and that this weakness should be bought. GDX is not oversold yet and in my opinion still has a little more correcting to do.
Comment:
Buffet bounce for miners has brought DUST through the golden pocket which looked like it was going to hold this morning. Gold shorts feeling a little pain this morning. Let's see if the bulls can keep this going.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.