As previously suggested, GLD touched 194 before correcting down to 178-181 gapfill, which has completed as of Aug 12th.
Now a bull flag has formed, 180 needs to hold for original bull thesis, with GP_C2 zone 179-180 being support. Bulls would want a decisive break out above the falling resistance as a confirmation for next attack towards 200. A couple of inside bars in the next sessions to consolidate between 182-185 would be ideal.
Looking for a measured move to 204.8 in the next few weeks.
Current position: LONG
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Now a bull flag has formed, 180 needs to hold for original bull thesis, with GP_C2 zone 179-180 being support. Bulls would want a decisive break out above the falling resistance as a confirmation for next attack towards 200. A couple of inside bars in the next sessions to consolidate between 182-185 would be ideal.
Looking for a measured move to 204.8 in the next few weeks.
Current position: LONG
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.