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Since Breaking above resistance of the 200-day MA on December 14th, the Direxion Gold Miners 3X Bear ETF (DUST), has been consolidating above this key mark, as its price action has tightened. Twice over the past three sessions, DUST has found resistance near $42.60. Ideally, we would like to see DUST form an inside candle as this could serve as a launching pad for a move higher. A breakout above the three day high of $42.65 on an uptick in volume, could present a buying opportunity in this ETF.

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