Yesterday, GLD moved down and closed very close to the .886 Fib value. I have also drawn some trend lines to show the bullish trend that the equity has been following over the last couple of weeks.
The Chart is not telling us a trade as of yet. We don’t know what will happen. The sentiment is still bullish but if you aren’t in the trade, this isn’t a good time to get in. The Tenkan Sen is flat and Kijun Sen if bullish. Hold and Analyze until a trade comes to you.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .