blloyd

Two target price ranges in $NUGT based on $GDX resistance levels

Long
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
Overhead resistance for GDX is to be found at $35.50 and $39

Assuming that GDX reaches these levels over the next 2 to 4 weeks $NUGT could reach $53.50 and $64.80 respectively.

GDX will open above $31 to $31.79 resistance which puts $NUGT at $42.0 to $42.70

Daily RSI will indicate a hold long.
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