Direxion Daily Gold Miners Bull 2x Etf ETF Forecast

Sell candidate since Jun 17, 2026 Loss -30.05%

The Direxion Daily Gold Miners Bull 2X ETF price fell by -0.443% on the last day (Friday, 17th Jul 2026) from $103.93 to $103.47. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 6.29% from a day low at $99.02 to a day high of $105.26. The price has fallen in 7 of the last 10 days and is down by -17.89% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -127 thousand shares and in total, 686 thousand shares were bought and sold for approximately $71.00 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 -42.34% during the next 3 months and, with a 90% probability hold a price between $44.06 and $72.87 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 $111.08 and $130.33. 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 -34.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $6.23 between high and low, or 6.29%. For the last week, the ETF has had daily average volatility of 6.49%.

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 Monday 20th

For the upcoming trading day on Monday, 20th we expect Direxion Daily Gold Miners Bull 2X ETF to open at $102.58, and during the day (based on 14 day Average True Range), to move between $98.38 and $108.56, which gives a possible trading interval of +/-$10.19 (+/-10.36%) 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 10.36% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $110.71, some $7.24 (7.00%) from the current price of $103.47, our system finds the risk reward not very attractive.

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.

Current score: -7.057 Strong Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 20, 2026 - $102.58 ( 0.86%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk