GLD – Supply Level & Bearish Divergence

Click here to view chart.
– GLD at  a supply level.
– Bearish divergence signalling loss of momentum
Some potential trades, which have limited loss and a bit of room for one to be wrong in direction …
– Look to sell a call credit spread (Bear call spread – short strike could be supply levels on top of current price or just 1 STD away from current price)
– Buy a directional calendar
This entry was posted in Bear Call Spread, Calendar, Commodities, Divergence, ETF, Gold, Misc. Setups, Support (Demand) - Resistance (Supply). Bookmark the permalink.

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