Not confirmed yet but I'm jumping in anyways. I bought some puts of GLD for May 23 strike 304. My SL triggers if the price breaks up the resistance shown and closes above in the daily timeframe. Might be some turbulence, bulls will try to push the price higher. too much noise in the political arena, but Gold is overbought and needs a healthy correction.
Note
That's an ugly reversal candle. The price is testing the broken support. I'll hold my puts:Note
This is going down:Trade closed manually
Sold my puts with small profit: Looks to bullish:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.