Long on GLD - Cup and Handle Formation & Support at Multi POC
Updated
2/13/2017 - GLD Cup and Handle Pattern on a Recent Point of Control. Long with Target 1 of 12.50 (just after the next area of acceptance/high volume).stop at 114.50
Comment
Correction on target: 121.50Trade active
About time GLD started to move higher! Trading is in play. Looking for 121.50 by Monday or Tuesday.Trade active
Added more at 118.37. Wasn't really the best price to add, but it wasn't bad either. Target 1 still remains 121.50.Trade active
I am still long on this trade as I still believe it is still valid. But looking back, the low volume node of 120.25 "should" have been the target, because it was old support becoming resistance.In trading, the should've/would've, don't make money. But those who learn from their mistakes do. I am keeping my long as my stop hasn't triggered but will not move my stop and take my losses and continue to reflect on the missed opportunity.
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