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Gold GLD and 3x NUGT Collapse from Daily Triangles

Gold collapsed this morning as price broke out of a triangle price pattern. Today’s breakdown also sets in motion an official bearish (short-term) trend reversal lower. How so?  Let’s plot the breakout first on Gold ETF GLD and then the hyper 3x leveraged bullish gold miners (stocks) NUGT. Gold – seen above with the ETF GLD – formed [...]
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