LuckyDinAZ

Fewer non farmers may mean greater Gold prices near term.

Panjang
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
3
Expecting a positive reaction in the price of XAUUSD tomorrow from a negative NFP and lower move in DXY. Positive price movement in XAUUSD may break the current daily resistance lines and approach the longer term resistance zone for another attempt at breaking the downtrend. Will turn to DUST if GDM falls below 620, for now, in my opinion it is holding and forming a potential bull flag. Near the Money Call open interest sum 7262 Volume sum 5475, Put open interest Sum 5585 Volume at 1915. Hypothesis is that the difference between call and put volume today and all of the aforementioned reasons will cause an increase in the price of NUGT and GDM

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