$GC_F, $GC1! Possible-descenting this time- scallop in $GLD

FX:XAUUSD   Gold Spot / U.S. Dollar
251 7 6
1275 area is key for weekly close
similar wyckofff idea here
pantheo look4edge
Thanks, epic! Like Wyckoff, but can't memorise it yet. Will print it and stuck it on the wall:-) 1,337 - 1,347 zone is a bonafide short if there. If 1,240 breaks down on weekly chances are that can visit 1,180-1,215. Note that big cap miners trying to put a weekly swing, but two supply zones are above now. Maybe turned up this week, turn down the following. Choppy, that is when daily momentum is reactionary semi/bullish, weekly bearish and long term monthly bullish. The best environment to lose your money either side:-) Game zone now is 1,240 - 1,275. Cheers.
Agreed, I labeled a similar resistance level, 1278 and 1289.
Good luck.
pantheo IvanLabrie
Good, we are all on the same page! Gives confident. Or allow the other side to put a contrarian trade. Lol:-) Have a beautiful day gents! p.s. I'll check later latest CME puts and calls, if I see something worth mentioned will put it here.
nice chart as usual :)

for me 1272 weekly r2/bearflag/sr level could be enough, tgt 1217/1212

take care

look4edge look4edge
and detail

pantheo look4edge
I see diamonds are your best friend:-) Cheers!
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