Considering a play on GLD the ETF representing Gold as It appears to be immune to the coronavirus. Hoping to snag an entry around 155 with hopes that a Bull flag is forming, which would set the target profit point around 168.
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the daily candle ended really well so i jumped in at 157.
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Got stopped out at 153. Not a bad loss considering we have a black swan event on our hands
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Feeling more confident about the market rebounding and think GLD may lead the way. I jumped back in at 146.18 yesterday and looks like were starting today an up gap so good start!
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late update due to world crisis but trade was closed at 161 last week