Long contingent on XAUUSD staying above prior months close, otherwise bears could push to lower bound of daily channel to 25. Long JNUG which is the leveraged etf of GDXJ from 7.04, target at 9, stop loss of 6.95. Put to call ratio of GDXJ and JNUG are < 0.5 indicating bullishness. Potential loss increases if the open is lower than the close and continues down based on hourly chart channel. If open is lower than close half of the position will be closed with an entry into JDST if stop loss in JNUG is triggered.
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