Gold - Short-Term Swing Setup

Pig Specs are listed in the Chart, and below:

Entry: Tonight (Before Midnight); ~1810.00

Exit: August 9th; ~1856.00

Should be sweet, but no guarantees.

-SwingingSwine



XAUUSD
XAUUSD
GOLD
GOLD
XAGUSD
SILVER

การซื้อขายยังคงดำเนินอยู่:

Assuming this happens more or less as the idea explains, the implications are pretty massive in this case.

I'd expect bitcoin to really break down to new lows and the same goes for equities (especially tech).

The only real question is whether miners dip with broader equities or cling onto gold's run up.

Appreciate any decent miner names/ideas posted in the comments.

การซื้อขายยังคงดำเนินอยู่:

Didnt expect it to take such a circuitous route, but gold looks very bullish atm.

Entered half position long calls in GLD for 8/20, 165 strike.

Given that the major move higher could be delayed by equity selloff, am going to wait until before close today or on open tomorrow to enter the second half of the call position.

การซื้อขายยังคงดำเนินอยู่:

Here's an updated look at the setup. Would use the black line trajectory in this chart below, rather than above.

การซื้อขายยังคงดำเนินอยู่:

Here's another - based off of the white chart above as price action compresses, gearing up for a parabolic move higher:

การซื้อขายยังคงดำเนินอยู่:

Ok, this is my last chart for this idea, so if it fails to blast off in the next hour, I will take the L and short some miner tomorrow.

การซื้อขายยังคงดำเนินอยู่:

Latest chart w/ archs vs. circles: