$GLD. Gold has been booming, can't stop - won't stop!?
I am looking to go long above 165 close. Potentially, up to 175 - 185. Really close stops within the consolidation (aqua) zone.
Comment:
MACRO VIEW
Comment:
If it goes against me, I'll be looking to buy at the curved support.
Comment:
Building the game plan further:
0.786 resistance in 167-168 range, which is really tight. It would not hurt to anticipate a reversal. Past 0.786, Elliot theory is on the bull's side.
Remember, this is a 1M chart. It's not $ZM ripping thru blue skies.
What's a perfect bull case? There is no need to peep MACD and RSI charts. The answer is not on the chart.
0.786 resistance in 167-168 range, which is really tight. It would not hurt to anticipate a reversal. Past 0.786, Elliot theory is on the bull's side.
Remember, this is a 1M chart. It's not $ZM ripping thru blue skies.
What's a perfect bull case? There is no need to peep MACD and RSI charts. The answer is not on the chart.
Comment:
I'm in @ 166 quid. Bullish call spreads for August.
I'm happy with this entry, however should've picked at diagonal support (black). I didn't have an order \ woke up late, because was saucing last night :D
I'm happy with this entry, however should've picked at diagonal support (black). I didn't have an order \ woke up late, because was saucing last night :D
Comment:
Comment:
Above 186, there is a blue sky. So far so good!!!
Trade closed: target reached:
Sold @ 185.67. I mean, all option positions were closed at that price.
I'll be back with an update. The gld reign aint over.
Subscribe for more
I'll be back with an update. The gld reign aint over.
Subscribe for more