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Direxion Daily Junior Gold Miners Index Bull 2X Breaks Above 200-Day Moving Average

Market Technicals & FlowsCommodities & Raw MaterialsInvestor Sentiment & Positioning

JNUG (Direxion Daily Junior Gold Miners 2X ETF) moved above its 200-day moving average at $194.80, trading as high as $200.89 during Thursday’s session. The article describes a technical momentum/level break without citing any fundamental change for gold miners or the ETF.

Analysis

JNUG (Direxion Daily Junior Gold Miners 2X ETF) moved above its 200-day moving average at $194.80, trading as high as $200.89 during Thursday’s session. The article describes a technical momentum/level break without citing any fundamental change for gold miners or the ETF.

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