Gold Update
Update:
Gold price action around the neckline (white line)… looks good. I am using this smaller pitchfork as a near term guide. We may go straight to 1360 before a possible backtest of sorts.
_____________________________________________________________________________________
Big picture
2HR
GDX backtest with volume. Election dark pool area above for with a single 4.8 million block trade (huge dark pool sell the day after the election) is my target for now. Obviously much bigger upside.
another short shakeout in silver today, grabbing all they can
Awesome charts, thanks. FWIW, I’m putting the neckline of the gold IHS around 1360, less sloped and not including the wick at the 2013 reversal point. I’m expecting some resistance there. Thanks again!
Yup right down to the daily ATR trailing stop… I had a buy limit sitting there for 2 weeks that was filled while I was away at work.
That was a reply to you MD, not HR. LOL
Neckline Broken!