Looks like GLD is putting in a series of higher lows except one oops lower. In addition, it is in a wedging pattern which is showing less volatility. If you are a Mark Minervini fan, a Volatility Contraction Pattern (VCP). Chances are good if this break to the upside (it's close) with volume, it could be a good long trade. If I take this trade my stop would be just below the short term downtrend line. Ideas, not investing / trading advice.
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I am under no obligation to post any action or update to any idea.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.