Re: beware the 1 day pop
The miners didn’t pop as much as I would have expected according to fractal. However, I still went short. This is super risky because we are so oversold but I feel as though this is a bull trap and there is channel resistance that gold, yet again, could not overcome. If the bigger orange channel breaks then it’s bad news for gold. A break up of the white channel and we will get more bounce.
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Also,usd/jpy… new highs cometh.
PK, Do you think either one the gaps GDX made on the way down will be filled or are they part of the trap?
Thanks.