$GLD lower after Friday's pop, return to 180 by Oct Expiration
Updated
GLD had a nice pop this week, but overall trend and positioning remains downside. Expecting a drift lower toward 175's put support before bouncing after 9/22 expiration toward 180+ into mid-October expiration. Follows the Gann Fan perfectly.
Order cancelled
Bounce didn't occur - yet. I'm expecting with greater volatility and banking risk, we should see this pop soon enough, but I'll need to redraw this.Trade closed: target reached
The bounce occurred in a big way to come right back to trend. Close trade.
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