The Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT) is holding up well despite a higher USD and lower stock indices.
NUGT appears poised to extend its recovery rally to test my next optimal target zone in the vicinity of 7, which if hurdled and sustained, will trigger upside potential to challenge the Dec. resistance line, now at 8.
Only a decline that breaks near-term support at 6.25/20 will compromise the developing recovery rally effort.