I don't plan on trading gold because there's better plays right now, but I wanted to fix my chart.
I should've known that old resistance would be new support, and drawn the line at the Feb high. I did make money on my GLD puts though, I cashed out yesterday.
I "think" it's gonna make a pennant then head towards new highs as Iran is the next market whipsaw. When he starts getting pissy about Iran, that's when I'll go long, lol.
Gold is probably the safest play while Trump is in office.
I should've known that old resistance would be new support, and drawn the line at the Feb high. I did make money on my GLD puts though, I cashed out yesterday.
I "think" it's gonna make a pennant then head towards new highs as Iran is the next market whipsaw. When he starts getting pissy about Iran, that's when I'll go long, lol.
Gold is probably the safest play while Trump is in office.
Note
I had $285 puts that expired today, I am SOOO glad I dumped yesterday.Note
See my update gold posts, looks like most of the movement is actually tied to the dollar moving. Explains why there's no pennant.Going long tomorrow if teh dollar breaks support, and it looks like it will
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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.