TomNewYork

DUST looking good for a trend upside move

Long
AMEX:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
DUST looks to be in trend mode with a near term target 22 with outside chance of 28. The gold price is about to fall down the rabbit hole and likely take the miners with it. Is gold oversold? yes, but bearish long term trend remains.

This could be the finale that leads to the final washout low in gold.

So in the meantime scalp opportunities in DUST seem wise.

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