2.5 wk VTL was violated yesterday.
20 minute Gold. A bit of a caveat here. I took the 1.25 wk cycle and subdivided the harmonics by a factor of 2. I would love to hear what others are using for the intra-day cycles.
I used GLL to short Gold at yesterdays close when price failed to make a higher high and the 1.25wk FLD was providing resistence. Probably a bit premature. Today the FLD 2 cycles shorter could have provided a short entry. If 1.25 wk cycle has indeed been violated, next week should have a downward bias. Since Gold has been positively correlated to Bonds, I used this to hedge against lower bond prices as well since I am long IEF.