ABC Retrace should be finished here. Slightly past the .618 which is typical for Gold. I expect a larger wave down starting tonight/tomorrow. 1500 area should be the first target - good luck!
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Weekly Bearish divergence on gold (silver as well)
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This trade idea has been invalidated. 5 waves up for gold is probably an impulse, not a correction after all. Same goes for silver. Can't win them all......
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90 percent retrace - maybe a B wave, with the big C down next
Are you in on GLD shorts here? Any other options you're playing?
the_sunship
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@froog, Yes, I'm short gold right now. Nothing else. Waiting for confirmation on the SP500, one way or the other.
froog
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@the_sunship, just saw your update. Are you out on your GLD shorts here? Have June puts, still worth holding or is the going to continue upwards?
the_sunship
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@froog, it will probably pull back with the market the next few days, since it advanced with it. I don't think it's coming down to lower levels as I thought. Yes, I stopped out. It's not doing what I expected so I'm out for now.
the_sunship
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@froog, Just made an update, it may have a C wave next
transparent-fx
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I broke it down as well, this was the outcome
Isethminhaj
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@transparent-fx, well the push to the upside was strictly because of the employment data. If you saying you broke this down. I’m sure you didn’t know it would be negative 6 million
the_sunship
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@Isethminhaj, this guy posts on all my gold charts to attract more followers. it's annoying and I'm sure he does it to everyone on tradingview.
transparent-fx
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@the_sunship, I am not posting on all your charts, and it was to support you and give you points, but since you are not interested in it, no worries, you will never see a comment from me again, but keep in mind that this platform is all about sharing, if you don't want to see other peoples ideas and views, then just publish private ideas. Best of luck