StealthTrader

Gold Catching The Falling Knife ?

BATS:GLD   SPDR GOLD SHARES
635 7 4
Sharing Some Thoughts and Observations
Amazing trade, today profit taken was seen at Distribution Ceiling 1 also the target for this trade gold still has a lot to prove.
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Since hitting the distribution ceiling there has been nothing but distribution :) My next bullish trade would be a break and hold above this ceiling.
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FiZieFX StealthTrader
ceiling u mean the 129.58?? great chart! :D
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Thanks, yes if gold is truly bottoming it usually is a process and not done over night so it is off my radar until the next high probability setup.
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Today there was a break of the distribution ceiling I stated my next trade would be on a break and hold above now I'm looking for the hold notice the median line is where price stopped today once price can hold above this median line and distribution ceiling next target is top of channel.
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Close Above Median Top of Channel Test Looking Likely as Long As Price Can Remain Above
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