$GOLD $DUST $NUGT $JDST $JNUG weekly still downtrend

Gold/U.S. DollarFXCM

Description

⋅ May 30, 2016 11:49 AM

daily find support right below 1200 as expected. on 3-4 hour charts. positive divergence is forming from 1240 to 1200, this positive divergence is likely to push the RSI to the trendline. A bounce to 1220 to 1230 is likely to happen.