In reference to XAUUSD falling, for the coming 5-6 weeks, NUGT is forming the forth leg of BAT or CRAB patterns, Most probably CRAB . I would keep an eye on the four targets. Tp1 almost met. My best educated guess is that DUST will reach 20$< Just above the point X
You may want to hold SHORTING NUGT at least until end of June, early July. Let us see how the price will act.
Happy trades and good luck.
Sorry I meant NUGT in the notes above.
I will not go any close to long the gold in the coming 6 weeks.
GOLD and its NUGT are going down, just wait for the panic selling to start.