SPDR Gold Trust
Short
Updated

Three drive GLD setup, to simple?

317
Gold is in a lot of media right now and everyone probably has some exposure, i myself am here and as are you. Im taking my chips and placing it on a short setup before a run if there is one. Three drives pattens on candles with bearish sentiment TA, LL, LH, opex is over, yada yada.

GL
Trade active
Nice to have an immediate move in your direction. Now to hold. easier said.
Note
hold, and add on impulse breakdown 310, nothings changed....Yet.
Trade closed manually
GLD broke out of downtrending channel 3 drives pattern, via imo an inv. h/s pattern at top of 3 drives FVG. GLD could return and have options expiring 6/9/2025; but for intent and purpose, this is an L unless i wake up monday to a surpise.
Note
Yesterdays breakdown of the inv. h/s breakout was unexpected. june 9th puts came to life. gave up on the trade to be honest and closed on TV, but a pleasent turn of events. lets see if they follow thru. glhf
Note
bullish harmonic developing at around 306, 285p swings have lost a decent chunk of prem. idle waters here....need a direction. and topside is showing the more resistance. waiting impatientily.

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