update on the nutty yellow metal, from April 6th post:
'click 1M MONTHLY chart--
it either folds triple top or busts through......this is BIG moment for gold, last mths candle very bullish, adn it is now trying for the 3rd time to bust through (2020 , then 2022, and now). HUGE battle here, IF she does break? ha! look out....."
i'll post GLD , similar chart of course ;
GLD
1 decade MONTHLY (zooming out)
...we are just slightly past mid-april, the candle is NOT complete-- BUT , if ends as is? inverted hammer at a top , this picture is BEARISH....
gold needs to move its ass before mth end
GLD
2 yr WEEKLY
inside candle, maybe coiling ...... the logical area if the downside comes to fruition-- $173-$174-- to sell puts at said level, cant now as they r not paying enough. Will be a fight at $180- $178ish : not interested gotta come to me
if i held this underlying-id be a seller OR selling calls.