Potential 2.5:1 Long

Let's see if $GLD can shock the world and go up after FOMC instead of down. $GDX $GDXJ $SLV

Comment:

Trade never executed, buy stop never reached. Triangle broken to the down side. I am not sure if Month CAM S3 can hold it here, but I will be watching.

Order cancelled

Comment:

This thing is possibly a false breakdown right on Month Camarilla S3 shown in the chart. I will be watching for a re-entry if so. Major move in oil and metals today.

Comment:

The other possibility is that it is indeed a breakdown, and this is just the backtest of the triangle, for further downside. We will see next week starting on Tuesday most likely which is which.

Trade active:

Long from 1198.00 after that 4H candle reversal today. Looks to go higher.