zachyam

$GLD in markup phase (Wyckoff analysis)

Long
zachyam Updated   
AMEX:GLD   SPDR Gold Trust
$GLD daily chart showing its markup phase after a multi-year accumulation.

Trade active:
Bullish break of price consolidation since early April. The $165 area has held up nicely. I am in a long term debit spread.

Trade active:
Trade active:
Both legs of my spread is fully ITM now

Trade closed: target reached:
Closed out for almost max profit. There's still a few weeks left to expiration but that means higher gamma which isn't worth risking.

Don't doubt your vibe.
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