Direxion Daily Gold Miners Index Bull 2XSharesArca
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We can clearly see that the stock is following a symmetrical triangle pattern. The stock has been oscillating between these two lines for months now. There is also a BAT pattern in formation at this very moment. I would buy in the 30$ area on monday and sell in the 34$ area few days later.
What are your thoughts? GDX dropped lower and clearly confirms a descending triangle. Seems that gold may rally here and miners have another leg up. I'm thinking NUGT to 33ish (?)