GDXU Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN

$GDXU loading 85s inflation came in 0.1% above expectations... market still pretending the fed can afford to raise rates and crater both the US and global economy

$GDXU not quite. no foreign country is buying US treasuries due terrible US foreign policy and government spending. in fact not only are they not buying, they are selling, and if they cant sell the US is offering them currency swap lines the only people buying US treasuries is..... the fed money printer go brrrrrrrrr, inflation is here to stay regardless of interest rates

$GDXU $GDX #Study here's the update to the 36 min Trend Rail chart for #Gold after the FOMC; lots of confirming structure on this chart 333 & 144 EMA w FIB decay measure from the top, especially impresssed w the 12*12*12 cycle timing measure from the July bottom to today's reaction pivot - note the convergence of trend rails on ydays bottom and today's back test of the Bear Shoulder channel structure - sure looks like a solid bottom however I would still expect a test into the lower 4300s perhaps a tag of the green 144 EMA .. A Failure of this structure is not impossible but from here looks very low probability - IMO

$GDXU Gold 4 hr. Last time 200 MA crossed 360 (yellow circle) it marked top to the day. We're crossing it from the other side today. Does that mean its the bottom?

$GDXU GDXU - the down gap near $87.50 that I mentioned yesterday appears to be filling today. BPGDM now 36.99, - 2.74 (-6.90%). Hui broke below the 250EMA this morning. Stochastics all fell back below 20.

$GDXU vs Gold - I have to be honest until the end of this week looks prime to open a position at around orange arrow by Friday close if and only if it bounces this week from the white support line. Very similar conditions as the first week of August. Watching closely. Notice how every unconfirmed attempt on 4 hr means downside is not done. Only when two 4 hr candles above breakout line you buy. Last Friday was a fake out. I'm watching this very closely, if gold doesn't hold, there are no entry conditions

$GDXU Gold is very strong tonight, close to unchanged. We might get a gap up in the morning if that continues.

I mentioned yesterday that $GDXU is going to $121 on rising USD and bond yields at it got there, but so what? GDX/GDXU chart says buy, but USD/10Y charts says, not yet. LOL $GDX $TNX $SLV.X $GLD.X

$GDXU $GLD.X $GDXD updated 3 min Fan TRchart; #bingo the pivot at the end of yesterday's extended session and into the overnight, note the 333 / 144 EMA crossover this AM. Newly added FIB growth measure pointing to the .786 @ 4403 and the original FIB 1.236 growth measure from the FOMC bottom pointing to 4421 level which is also a 1.0 FIB extension from today's pullback bottom .. I had been wary of a rug pull after the FOMC but seems unfounded now the emerging short term structure is proving to be Bull supportive - Sunday nite & Monday's session should bring clarity to that - 'don't fear the reaper' for now but keep stops in place IMO

$GDXU $GLD.X $GDXD Gold on the 3 min TRC with FIB decap measures / GDXU on the 1 min TRC.. theory is bear swings take 48 bars to resolve lets see how that works out on that GDXU chart

$GDXU this is exactly why you don't front run the next "bull market" you patiently waiting for not just a breakout, but confirmation as well. The opposite trade $GDXD paying well. Anyone holding since 14's or 15's, congrats its over 70% gains in month.

$GDXU What a crazy volatility 3x leverage ETF, and I love it. You just can't forget that this is 3x leverage and it'll go up or down much much further than you think. LOL I bought at 90 and had an order to buy more at 80, but I'm cool with it running without adding more money to it. $GLD.X $GC_F $SLV.X $AGQ

$GDXU $GDX algos look confused again after that baked loaf of PPI. Are we blind or just plain ignorant to see that inflation was induced and is now working through the economy? Why are these news outlets surprised?

$GDXU Theme hasn’t changed. Matter a fact it got worse for metals! Wait for my buy signal. Sub 100 coming! Lots of stops @ those levels ✌🏼

$GDXU 120-121 entry would've been good as initially planned, but missed the entry with USD rallying. Oh well... $GDX $TNX $SLV.X $GLD.X

$GDXU Physical Gold is bottoming while paper gold isn't yet. I expect at least one more leg down in panic sell.

$GDXU is gaining and the chart looks positive for continued strength, as $GRML holds steady and reinforces the constructive setup.

$GDXU I continue to encourage to short metals. Gdxu sub 100 coming. Signs are already there

$GDXU some gaps to fill for gdx. If they are filled that's 9% down for gdx and 27% for gdxu. That's around $75 for gdxu

$GDXU GDXU filled a gap near 107.57 from August 6/26, last week. There is still a gap below near $87.50 that may fill from early August/26. Gaps act as magnets, so it is also great to see there is also a gap above to fill near $125, which could be the 1st up target level to watch. The Fast Stochastics rose for a good entry point this morning, but it has since retreated back under 20. RSI is falling today. I was watching for a bull x on the Macd, but it has not materialized, and looks unlikely when compared with the PPO and GDX's Macd. GDX looks similar with 2 gaps down that may fill, ~$78 then ~76, with a gap above ~$92. The 1st up target looks to be near $94.50 The BPGDM (gold miners bullish %) is still under 40, and not turning up as yet. Just back in my chair today so still analyzing. GL all