Call trade idea - GLD will rise if 10yr yield dropsFor now the yield is still inversely correlated with gold price. Yield may start falling again along with markets and if so then gold will rise. I bought 14Apr 182 calls. Stop loss suggestions based on 30m chart are 180.15, 179.70, 179.
Technically, green rectangles show a possible double dip RSI test at 50. If this holds and goes back up, it is usually a strong price move indicator. Yellow dotted lines show price can hold this support around 180 and move back up to 186, though I think it can rise sharply and approach highs again. Stochastic lines show a good place to enter swing calls with low risk. %D should stay over 20.