XAU 200 DMA – NUGT Trendline Targets Achieved

We’ve hit my short-term trade target for the Bullish 2x Gold Miners ETF NUGT at the underside of it’s trendline resistance.  This ETF tracks the XAU somewhat, which has hit the 200 daily moving average.  They should stall here, but then I expect a possible move for the XAU up to it’s 50dma (red line).

Also watching ZSL and AGQ on the silver side.

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