GLD is on its way to go down soon; the price struggle to go higher and the RSI is decreasing. We also have a rounded top forming.
I will be buying GLD April 20 123 Puts. If it bounce back to 124.50 after the first drop, I will double my position.
The longer trend shows support @ 119, but I will close @ 120.
Cheers,
I will be buying GLD April 20 123 Puts. If it bounce back to 124.50 after the first drop, I will double my position.
The longer trend shows support @ 119, but I will close @ 120.
Cheers,
Trade active
Good time to get into the trade now. Options are dead cheap!Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.