ucspider

GLD - Short idea, Potential break of a bearish pennant

Short
AMEX:GLD   SPDR Gold Trust
Strong volume on the bearish candles
looks like forming a bearish pennant
Below all Exp moving averages
If we close below 114.55, stop 115.46 target below the 111 area nice R/R
Buying Feb15th put options 115 strike price
Disclaimer

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.