arelkin

GLD - Pattern Becoming Evident

BATS:GLD   SPDR GOLD TRUST
218 2 0
GLD             continues to break trend lines , establish new "up trends" and then catch the shorts off guard when it breaks down again. I expect GLD             to fail at its downward trend line once again, then down to test a significant swing point low at $123.55. From there whats stopping it from retesting $115 ?
closed Nov 128 Puts for $5.00. Paid $2.18
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Snapped my trend line and the swing point low at $123.55. I see no support until the lows of the year but watch out for headline risk.
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