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Madrid

Positive Momentum Divergence and Uptrend Continuation

Long
Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)  
Madrid Wizard  
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
Trend Analysis Support and Resistance Fibonacci
2
0
trendanalysis supportandresistance fibonacci
A positive momentum divergence ignited the uptrend channel we see in the gold market. After the drop it had yesterday we saw the support held right at the bottom of the channel, which is a bullish signal. Continuing on this direction a target of 21 is on the radar once the resistance is broken to the upside.
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