tipere445

Channel Support likely to be tested

Short
tipere445 Updated   
AMEX:GLD   SPDR Gold Trust
Good day folks,
I believe that GLD will go testing its channel support line at 119-120, then will reverse again just to continue its uptrend.
I will be buying a couple of PUT GLD 2018JUN15 124.00
Cheers,
Trade active:
It looks pretty good: some retracement as the neckline was hit, but I think that the downtrend will remains. Something to watch though.
Trade closed: target reached

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