Tr8dingN3rd

GC - Gold Bugs under pressure

Tr8dingN3rd 업데이트됨   
COMEX:GC1!   골드 퓨쳐스
Here we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.

Keep in mind that the two grey lines are a potential support...I would not ignore this.

Waiting for a pullback and see what's going on.
코멘트:
The short was initiated at the pullback.
Here we are at the critical level of support from the prior highs.
If we manage to close below the lower horizontal support line, then I see price down at the L-MLH, around 1140 or lower.
코멘트:
...and the drag continues - what a burden this must be for the long-bugs.
코멘트:
L-MLH is target:

코멘트:
Target L-MLH reached.
Now a pullback to the upside.

코멘트:
So far kind of a texbook reversal at the L-MLH...

Happy 2017!
코멘트:
코멘트:
Run Forest run! :)

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