SPDR Gold Trustשורט
$GLD $XAU Inverse cup and handle in play.
מעודכן
Inverse cup and handle from 127-115 area. Currently in ascending flag. Once break down occurs PT is 103-105 for GLD. This same exact pattern is seen on the weekly in 
XAU (obviously). May rise to 1235-1240 and 116.75 respectively before the breakdown. This also correlates with 
EURUSD at 1.03, which I am short on as well. This month may see some moves upwards.
This will be exacerbated by NO DEAL with China and continued interest rate raises, especially the December planned hike.
My stop loss onGLD is 117
No advice just my personal analysis. Good luck out there.
XAU (obviously). May rise to 1235-1240 and 116.75 respectively before the breakdown. This also correlates with EURUSD at 1.03, which I am short on as well. This month may see some moves upwards.This will be exacerbated by NO DEAL with China and continued interest rate raises, especially the December planned hike.
My stop loss on
GLD is 117No advice just my personal analysis. Good luck out there.
הערה
The Fed put a little spark into gold. No change to the plan though; as long as we don't break 1230 with conviction, which is ~116.75 on GLDהערה
Still holding puts. Obvious trap going into FED talks. Gold will only capitulate more as dollar strength rises from interest rate hikes and market liquidations (most trades are in USD. Moving large sums of money from investment to investment ties up a lot of USD especially in a tightening cycle thus making it more rare and more valuable).
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