$NUGT getting in gear to 12, and then 16.

Long

Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)

Updated

AMEX:NUGT Direxion Daily Gold Miners Index Bull 2XShares

$NUGT appears to be oversold as $USD went on a tear after elections.

Comment:

USD remains ascendant and $NUGT tanks with $GLD down $29 today.

Comment:

Coming back from the dead. Taking out 10 should target 12. as RSI downtrend gets broken.

Comment:

Gold remains in a powerful downtrend. . NUGT should have its upthrust to 10, then 12 when RSI downtrend is overcome.

Comment:

Remains a clunker as unable to take out the RSI downtrend so far.

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