ALL THE GLITTERS IS(NT) GOLD
Updated
Whats up traders,
I think there is a 5-10% downside potential in gold over the next week or two.
The Technical's:
Divergence between the volume and price action
50/200 period cross over (theyre now intermingling)
Head and shoulders pattern
The Fundamentals and Gut:
I like gold longer term here, but, for the short / swing term, i see a pull back coming.
Additionally, i think the overall market is due for a major pull back, but Im done trying to call that. I think if that got lucky and timed just wright with this trade, it could add a lot of value here as well.
Good Luck.
Im checking out the Leveraged ETF's here DUST and DUST CALLS (Depending on liquidity)
I think there is a 5-10% downside potential in gold over the next week or two.
The Technical's:
Divergence between the volume and price action
50/200 period cross over (theyre now intermingling)
Head and shoulders pattern
The Fundamentals and Gut:
I like gold longer term here, but, for the short / swing term, i see a pull back coming.
Additionally, i think the overall market is due for a major pull back, but Im done trying to call that. I think if that got lucky and timed just wright with this trade, it could add a lot of value here as well.
Good Luck.
Im checking out the Leveraged ETF's here DUST and DUST CALLS (Depending on liquidity)
Trade active
Been in this trade since posting. It has been trending well. I will update the post if we exit.Thanks.
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