Clicky

NUGT GDX Bottom of First Target Zone Hit + Additional Price Targets

The NUGT/GDX long trade has hit the bottom of the first target zone for about a 16% gain in about 2-hours of trading session time. Consider booking partial or full profits and/or raising your stops, according to your trading plan. While a reaction here is likely, I favor a continued move to at least the top of the T1 zone (14.00) in the coming hours/days).

GDX 60-minute 2 Nov 19th

GDX 60-minute 2 Nov 19th

I have also mocked up some charts of NUGT with some near-term targets on this 60-minute chart and some longer-term swing targets, along with a different perspective on the recent bullish technical developments in the miners, on this daily chart.

0
Nov 19, 2015 10:10am|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on NUGT GDX Bottom of First Target Zone Hit + Additional Price Targets