Two target price ranges in $NUGT based on $GDX resistance levels Long
Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
⋅ 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.