Keeping an eye on the 1230 Gold (resistance) level along wiht 12010 area support from last week. I'm not long JDST quite yet. But showing good signs earlier today. Still basing my premise on last Friday's post. So there still remains a question yet of which 2 things occur: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121621332
I took a bite into JDST late day (for starter @ 5.32). FOMC Minutes didn't stimulate $Gold too much, and $Gold & GDXJ appear to be a developing 'tired trade' with potential to break down more yet as we go thru Spring season.
Henceforth: Keeping an eye on the 1230 Gold (resistance) level along with 1210 area support from last week. For my trade I'm applying these metrics for whether I stop-loss out of it or add to it a 2nd time, all-while having some 'skin in the game', yet applying proper risk/reward. If Gold & GDXJ do break out above excessive resistance levels, I will not continue to avg down too much, but have a technical line in the sand for exiting and keeping losses relatively minimal if I'm wrong today.