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  • Trade view / 25 August 2016 at 8:35 GMT
    Strategic trade

    UPDATE: Gold trend unchanged despite Wednesday dip

    Trader / TheSteadyTrader.com
    United States
    On August 11 I detailed a trade view where I discussed that the primary year-to-date trend in gold as represented by the popular SPDR Gold ETF (GLD) (GLD:arcx) remains intact. While this trend is unchanged, Wednesday's selling pressure in the yellow metal does warrant an update.
    Read the Trade View
    2y
    Georgio Stoev Georgio Stoev
    It looks that way!
    Traders can also consider using selling options if mildly bullish on gold on GCV6 1320/1315 put spread or GLD 23 Sep 125/123 put...
    2y
    Serge Berger Serge Berger
    Agreed, although personally I would like to see some sort of bullish reversal first before slathering on short put spreads.