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NUGT trade ideas

NUGT Bullish Breakout of Rising trianglePattern: Rising Triangle textbook breakout of resistance Edge: There is bullish divergence in the money flow and it is breaking above the zero line. The "squeeze" indicator is firing today (red dots turn to green), which shows an expansion in volitily and indicates that price may start to move more drastically. It is firing "long" as the histogram is above zero line. Also, gold and gold miners tend to be more bullish when there is fear in the market as gold is a historical safe haven. Risk Management: Bought at $5.19, stop loss at $14.15, PT1 is just below recent resistance high at $17 ish, and PT1 is at the gap fill around $18.80.
AMEX:NUGTLong
by ClearCutTrading
Long from 16.25Had anticipated a reversal in XAUUSD if the broader markets recovered and the VIX dropped with an increase in dollar strength, XAUUSD broke an hourly channel today and is now potentially forming a bull flag based on consolidation over the last few days. So if Xauusd continues higher I am expecting the Gold Miners to do so as well. Head and shoulders pattern on GDX has a target of 21.30 which is 7% above current value. Target for NUGT position is 19+ stop loss at current daily low of 15.50 as a positive open is expected based on XAUUSD breaking hourly resistance today.
AMEX:NUGTLong
by LuckyDinAZ
1
$GOLD looking like a reversal bounce hereIf FEDs go back to the printing machine (further damaging of the monetary system), then would a sovereign hedge make sense? I think the recent stock market volatility have made the FEDs think twice about being too hawkish. If my investment thesis is true then i think i'm seeing early speculation in #gold that indicates an alternative route to raising rates. From a technical perspective i'm seeing a longer term rounding bottom/support and a most recent pattern failure (bear pennant). Underneath the price patterns i'm seeing high volume activity and so this could be early confirmation of a reversal. Let's continue to watch :)
AMEX:NUGTLong
by finvizclub
Turning Point Coming.. ... Buy NUGT 3X Bullish GOLD ETF In important turning points in social and political behavior, over the last 100 years, a fundamental sea change in mass psychology which manifests itself seemingly almost overnight, can and does impact financial investment suddenly,... with little warning. I may be early,... and the technical pattern may not have turned bullish.. yet but I am suggesting you consider an initial investment in gold right now. Direxion's NUGT, 3 X Bull Gold ETF is one of the most leveraged ways to trade and participate in a potential bull market turn in the precious metal. You must have the risk tolerance to trade a highly volatile deep liquidity ETF and perhaps buy on weakness and hold position, as bullish opinion on Gold continues to remain decidedly bearish, Ultimately,, I believe you will be richly rewarded in time, by accumulating gold now, ahead of the crowd. NUGT 12.95 Close 9/30/18 THE_UNWIND
AMEX:NUGTLong
by The_Unwind
Going for GoldI am not going to draw any lines on this chart but just to say that after the Jackson Hole surge on Friday, a solid follow through has failed to emerge on gold. The $1,200 psychological level is right here and right now. If this level holds, buy NUGT, JNUG or UGL (or GLD if you want slow and steady), but if it breaks, you may want to consider DUST or GLL. Review recent support and resistance levels above and below $1,200 for exit points of your triples. I suggest KITCO historical charts.
AMEX:NUGT
by obelisktradingllc