Weekly %r is pretty much maxed out on #gold $GLD $GC_F

Looking for short entries
Other considerations also taken in to account prior to execution.

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Here is the counter argument that it is gonna just rip to fib extensions and volume resistance:

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And here is the monthly view where the volume resistance lines up nicely with those fib extensions:

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Short side hasn't triggered and it keeps jamming higher.
Long trade targe 3 at 1560-1570 clearly coming in to sight.

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Finally cooling off today with a big dump as $CL_F $USO #oil gets it's bounce along with the equity markets $SPY $QQQ $DIA

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What a great spot for a bounce

Daily 10ema

And the 200ma on H1

Trade active:

Took a while to work out but worked out nicely.
Now commercial are the shortest they have ever been in history (read the COT report!)
Juicy