/DX (Dollar) was up today, /GC gold was down (negitively corrilated) So, even though the /es, /nq, /tf were up (your overall green arrow, meaning the market was up) Gold was having a down day. $NUGT is a 3x long etf, meaning you wouldn't short it (in case that is what you were thinking) for shorting gold, the etf is $DUST which is a 2x short etf... Given how the /DX got the snot kicked out of it yesterday, and that as of first thing this morning the /DX futures were rebounding, just knowing this
/DX (Dollar) was up today, /GC gold was down (negitively corrilated) So, even though the /es, /nq, /tf were up (your overall green arrow, meaning the market was up) Gold was having a down day. $NUGT is a 3x long etf, meaning you wouldn't short it (in case that is what you were thinking) for shorting gold, the etf is $DUST which is a 2x short etf... Given how the /DX got the snot kicked out of it yesterday, and that as of first thing this morning the /DX futures were rebounding, just knowing this
could have helped you to find another trade... :-). Peace Out.
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