Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
Description
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It look like we are in a wedge inside of a developing bear flag. That being said, we could visit the upper part of that bear flag tomorrow at the $9 range before the next drop. The dollar looks like it wants to at least test the top of the break out area. So be ready for a short term pop.
Comment
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We bounced off the top of a mega phone pattern for the dollar. I am not so sure if we are ready to drop yet, but when it does, look out below 90. And Gold should shoot sky high.