There's been a recent range around $172-$178 and as you can see, every time it dips to the bottom of the range, it was accumulated and what is the last thing we often see before the upside resolution of a situation like this? A head fake and look at the 3C depth chart on today's move down.
GLD 2 min leading positive
GLD 5 min, leading positive
GLD 15 min leading positive
GLD 30 min, leading positive!!!
DGP 1 min
DGP 5 min
DGP 15 min
Even the 60 min is in a positive divergence!
I'm thinking a partial position here is worthwhile, you can always add if it drops a bit further. Just make sure you have your risk management set up for a full position before you enter even a partial position.
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