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SPDR Gold Trust
Short
Updated

short GLD

239
- gold is overcrowded
- USD seasonal bullish
- ABC target / fib extension / multiple fib confluence target around 170-172
Note
still holding short
Note
Still holding short, but this pattern looking like a bullish triangle. Looking to bail out at 179-180.
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Will hold off bailing out of this position, wait and see if equities sell off again today this will drag GLD down too.
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This has been a pain trade. Price still in a triangle with flat support indicating still chance of break down. Still holding short.
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Still short, waiting for gold to hit the strong support 172 area.

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