GLD Follow Up

I've been expecting a pullback in gold on a swing trade-like basis for about a week, we have seen that begin over the last couple of days, but on a very near term intraday basis as posted yesterday and last night, I expect a bounce from gold/GLD, similar to near term oil expectations (actually their longer term expectations are virtually the same as well)...

As for the dominant trend or swing trade trend...

 You can see the GLD 15 min chart's (good timeframe for swing trade signals) positive divegrence sending it higher, and a rather quick negative divergence set in which is the swing pullback trade. The last 2-days GLD has been on a near vertical downtrend, this is where I expect a small bounce which should offer the opportunity of a second chance entry in to the swing short trade, the longer term is a different scenario entirely.

On an intraday 1 min chart 3C has been confirming price's downside action since the decline from Monday's open. As you know from both yesterday and last night's updates, I suspect we see a n intraday or very short term pop slightly higher, which offers a second chance opportunity for the trade at better prices and lower risk. Note today's intraday positive divergence as well as the price trend moving from a clean diagonal downtrend to a flat lateral trend, often seen at areas of accumulation or distribution although this is a very short term bounce I'm looking for which I believe is best used as a short (swing) entry in GLD and miners.