The previous GDX idea i had is still 60% working except the election really boosted the gold price. But a huge pump n dump happened, and gold didn't break previous high.
So far on 4H looks like gdx is gonna heading up for the next couple days, but it didn't break previous high as well. Trump got elected but Yellen is still in charge until January, rate hike in Dec is still in sight.
I'm looking for a better bear entry on gold or gdx, ultimate target is gdx around $20ish, which can be a finish of AB=CD.
Thx in advance~
So far on 4H looks like gdx is gonna heading up for the next couple days, but it didn't break previous high as well. Trump got elected but Yellen is still in charge until January, rate hike in Dec is still in sight.
I'm looking for a better bear entry on gold or gdx, ultimate target is gdx around $20ish, which can be a finish of AB=CD.
Thx in advance~
Comment:
Oh Gee~gold went up during the Asian session then come back down during Comex. Yesterday's daily candle looks scary AF, and I couldn't even find a similar one in the past, what a Allahu Snackbar.
Trade closed: target reached:
I profited out, bought in JDST on average at 29.3 sold 37.5...All-in-ed..Allahu Ultimate Ultra Snack-potato-bar
I'll leave the chart here, it may hit $20 on gdx, gold didn't show any retrace as I expected. 1220 or lower is on sight now, but my suggestion is do not short on the Low.
Good Luck
I'll leave the chart here, it may hit $20 on gdx, gold didn't show any retrace as I expected. 1220 or lower is on sight now, but my suggestion is do not short on the Low.
Good Luck