SPDR Gold Shares
Short
Updated

GLD Short, Gap down and trendline break

344
Condition:
Daily uptrend line break by breakaway Gap (G1)

Short: 162.2
Stop: 162.6
Target1: 160
Target2: 155

This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trade active
bought Aug P155/147 Limit 1.61;
Option Stop Above 163.
target on daily chart is 155. Just try to see if it will go down quickly.
Trade closed manually
CLOSED Limit 1.38; a small loser.
GLD didn't drop down quickly.
Price back to entry point, Option lost one week timing value.

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