Let's see if $GLD can shock the world and go up after FOMC instead of down. $GDX $GDXJ $SLV
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.
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.
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.
Long from 1198.00 after that 4H candle reversal today. Looks to go higher.