TimZhang

TimZhang

After making a run now on corrective W2, after see #3, go higher price. Support 5.60

TimZhang

dropped to support line, shall rise next month.

TimZhang

next month may start to rise from the support line.

TimZhang

Overreaction/oversold yesterday, shall bounces up to 50 again.

TimZhang

that's 8H resistance, wait to buy dips.

TimZhang

This is the 5 year resistance line, will have a hard time to pass ($GLD).

TimZhang

Target 1270.8

TimZhang

heads lower than recent low. So watch out.

TimZhang

Break the downtrend line, go long on $GLD.

TimZhang

It remains bearish and comes down to 1240s or lower. Otherwise, heads higher $GLD

TimZhang

Is today's run a bulltrap? Do we see similarities?

TimZhang

Up or down? Depends on if $XAUUSD comes down or over $1260s tonight/tomorrow.

TimZhang

We shall see a nice return on this investment.

TimZhang

This is a good buy area and positive divergence is developing.

TimZhang

As positive divergence is developing and $19 appears to be the bottom.

TimZhang

This is a corrective wave 2, buy on weakness $UGAZ $BOIL $UNG by end of May.

TimZhang

On the path to make a nice breakout. $UWT $GUSH $XOP $USO

TimZhang

Notice the hidden positive divergence? Will take it back to high 1250s $GLD $GDX $NUGT $JNUG