GC is probably in the middle of a large 3rd wave which would explain the incredible bullishness.
Even so it appears to have recently completed a 5 wave impulse on a smaller time frame so it would make sense for it to pull back a bit and fill in some of the low volume areas around 1480 which also matches to a pitchfork median line.
Intraday I have found that a great strategy is to wait for a day to establish a dominant color and then if there is an attempt to change that color then fade that attempt. Basically look to defend the open or the IB.
So intraday I don't have much bias one way or the other because it seems to be in an ABC chop zone, however for swing trades, there could be opportunity in finding support along the median line and lower edge of the pitchfork.
Even so it appears to have recently completed a 5 wave impulse on a smaller time frame so it would make sense for it to pull back a bit and fill in some of the low volume areas around 1480 which also matches to a pitchfork median line.
Intraday I have found that a great strategy is to wait for a day to establish a dominant color and then if there is an attempt to change that color then fade that attempt. Basically look to defend the open or the IB.
So intraday I don't have much bias one way or the other because it seems to be in an ABC chop zone, however for swing trades, there could be opportunity in finding support along the median line and lower edge of the pitchfork.