Gold and The Gold Miners Surge Above Last Friday's Reversal High

Let's have a look at the Direxion Daily Gold Miners Bull 3X ETF (NUGT), which has thrust to the upside above 10.00 resistance, and has spiked towards my next, optimal upside target zone at 11.25/50, which, if hurdled and sustained, will position it for continuation to 12.75 thereafter.

At this juncture, only a decline that breaks back beneath 10.00 will compromise today's budding upside breakout action...

Last is 10.96/97

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