May test .618 before next leg lower. $GLD $NUGT $DUST
I fixed the pitchfork and pointed out resistances you need to break and the targets
Took 300 pips profit. And shorting now with a small position to go long again towards bottom of channel.
Rest of this week will tell us whether we see 153 or 163 next. My best guess is 153.
How I see things playing out with options pinned at 155.5
A cross below confirms the longer term H&S formation
GLD is just taking a breather. 136.57 will see heavy selling