Direxion Daily Gold Miners Bull 2x Etf ETF Forecast

Sell candidate since Jun 17, 2026 Loss -15.76%

The Direxion Daily Gold Miners Bull 2X ETF price fell by -9.53% on the last day (Tuesday, 23rd Jun 2026) from $137.75 to $124.62. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 5.37% from a day low at $123.19 to a day high of $129.80. The price has fallen in 6 of the last 10 days and is down by -4.44% for this period. Volume has increased on the last day by 64 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 625 thousand shares were bought and sold for approximately $77.90 million.

The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -27.09% during the next 3 months and, with a 90% probability hold a price between $77.30 and $128.15 at the end of this 3-month period.

NUGT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Direxion Daily Gold Miners Bull 2X ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $142.17 and $158.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 16, 2026, and so far it has fallen -21.29%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for Direxion Daily Gold Miners Bull 2X ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $114.44. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the ETF price.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $6.61 between high and low, or 5.37%. For the last week, the ETF has had daily average volatility of 8.05%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NUGT) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Direxion Daily Gold Miners Bull 2X ETF to open at $125.87, and during the day (based on 14 day Average True Range), to move between $117.51 and $131.73, which gives a possible trading interval of +/-$14.23 (+/-12.11%) up or down from last closing price. If Direxion Daily Gold Miners Bull 2X ETF takes out the full calculated possible swing range there will be an estimated 12.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $131.39 (5.43%) than the support at $114.44 (8.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Dividend Warning For NUGT

Notice for NUGT: Ex-dividend date was Tuesday 23rd June, 2026. The dividend was $0.200.

Is Direxion Daily Gold Miners Bull 2X ETF ETF A Buy?

Direxion Daily Gold Miners Bull 2X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.402 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $125.87 ( 1.00%).

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