Massive Monthly Cup and Handle on GLD

[klienten]

I agree that gold is probably a case of mass hysteria but never go against the trend. Plenty of opportunity to go short later as I see new highs first.

I wouldn't go against the bearish trend. The trend is lower lows & lower highs.

 

[cvds16]

do as you please

 

[fan27]

I bailed on the trade....small loss with a small position. Will re-evaluate if we start climbing up again.

 

[nitrene]

Only 4% from an all time close on 8/3/2020. RSI is very high so I don't know if it will blow through the high. Of course all the commodities have gone parabolic since Putin's war.