Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk.
Entry - 12.10 Stop loss - 10.90 Target - 14/17.50
Comment
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Since NUGT reverse split today, updating entries, SL and target.
Long - 60.50 Stop Loss - 54.50 Target - 70/87.50
Look profits on 1/3rd at 69.95.
Comment
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Still in this trade. Move up stop loss to 59.85. I think moving up the stop is appropriate here.