$GLD pulled back to test the $4380 zone overnight — textbook. Bounced clean off that support pocket. Started a long this morning, not at the exact low (was asleep), but anywhere in this zone is solid buy territory.
Yellow box = support region. I quote $4380 as the level, but support is never a single tick — it's a zone. Price came close enough to count as a hit. That said, doesn't mean it can't drop and tag $4380 again.
Building a position here. Still open to $3900 if it rolls lower — will add on the way down. Planning to write up a medium-term $GLD trade plan later this week.
$GLL $GLD
Yellow box = support region. I quote $4380 as the level, but support is never a single tick — it's a zone. Price came close enough to count as a hit. That said, doesn't mean it can't drop and tag $4380 again.
Building a position here. Still open to $3900 if it rolls lower — will add on the way down. Planning to write up a medium-term $GLD trade plan later this week.
$GLL $GLD
