Gold - Fibonacci Cheat SheetGold played out exactly as planned and squeezed up to the 0.618 Fib Extension around $2,070 taking out all the short sellers with little to no resistance.
Although I am still long GLD, GDX, SLV, I've closed out my Futures positions for $2,154.50 profit and will wait for a better swing trade setup (entries/exits linked below).
Setups:
1. Continue squeezing up from here. Buy on daily close above 0.618 fib @ $2,070.
2. Chop sideways between $2,000 and $2,070 before moving up.
3. Dip lower and find support. Lot's of chop before a swing higher.
