GDX , NUGT & GLD Charts

For now this is a trading position as there are still longer term divergences that still suggest a pullback in GDX and if there's a break below recent support that ends up being a head fake move, I'll have some room to add to the position. Watch the chart of Gold Futures as it contradicts the knee jerk reaction on the release of the minutes...

 GDX intraday contradicting the knee jerk lower.

However I've been watching this for a couple of days as mentioned yesterday, "There are some short term positive divergences developing in GLD/GDX".

NUGT intraday on the knee jerk lower.

And NUGT's 10 min over the last several days.

 This is intraday Gold futures leading positive right at the downside knee jerk on the minutes release.

GLD 5 min as mentioned yesterday.

And GLD's 10 min chart going nearly vertical.

For me, this is worth a trade, I'm still very interested in a longer term position, but I'll wait to se how this resolves and if the pullback divegrences (longer charts) maintain their signals.