Apparently my time off is not good and missed most of the crazy run last two days.
So for tomorrow, if GDX gapped down and failed to close above 28.6 will make it a bit bearish on daily. Ideally we should see price supported by 28.13 and end up tomorrow with a long tail. Xau 4h printed a bearish engulfing. A little cautious and need to review again tmr morning.
Gap up to 29 will be pretty nice and 29 will be support for continued higher. Would play a bit aggressive in this case.
I would think ~50% chance will be range traded in 28.1 to 28.6. Will not play big here.
Otherwise, no interest to short at the moment.
So for tomorrow, if GDX gapped down and failed to close above 28.6 will make it a bit bearish on daily. Ideally we should see price supported by 28.13 and end up tomorrow with a long tail. Xau 4h printed a bearish engulfing. A little cautious and need to review again tmr morning.
Gap up to 29 will be pretty nice and 29 will be support for continued higher. Would play a bit aggressive in this case.
I would think ~50% chance will be range traded in 28.1 to 28.6. Will not play big here.
Otherwise, no interest to short at the moment.
Comment:
Another doji, low volume, not bad. Still looking for more upside.
Comment:
30-32 can be big barrier. I would cash out at least half position here.
