If gold can stay here till the USA market open we have a good chance that we open with a gap and DUST could rally again today. Yesterday we broke out of the bottom with good volume , I would like to see some nice follow through today. I'm still missing that big day when we print a more than 20% rally in DUST with a panic and strong selloff in the miners. Maybe...
$25 is very possible. Sorry $NUGT, Fed's rate hike talks killed it.
Friday gap down open. Today gap up open. This is an island having a huge resistance. I like this setup. Holding long positions.
Gold is starting to weaken but still might have some time left this is how I think it could possibly play out.
Think this will be the last move down then we will see the move higher after gold drops here in the next week or so. But for now we will see im thinking tomorrow will be an up day for gold.
I'm not happy that some of you closed the DUST positions yesterday. Today we will open with a GAP which will not be filled and we will break the blue trendline. I'm 99.9% sure that we are going to run at least to 4$. And 95% sure that we we will tag the FIBO 23.6% level at 5.95. (447%)