MFI hasn't quite hit oversold, but it looks like it's melting up out of the pennant. Went long on Dec 26 GLD calls, going for a longer term strategy this time, so I'm not just cycling when MFI goes oversold on the 3 hr.
With longer term calls, it's not a big deal if it does dip.
With longer term calls, it's not a big deal if it does dip.
Catatan
Keep in mind that gold trades tomorrow because the holiday is only for the US, which is why I got in before MFI hit oversold.Catatan
Looks like I FOMOed myself into a bad trade. Happens every now and then. Should've waited for the indicators.Silver is overbought, so Asia is selling off commodities, not buying.
Also, the US is the only market pumping gold because it's the only market getting a rate cut.
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Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.