goodguy

Gold: At a moment of truth.

AMEX:GLD   SPDR GOLD SHARES
177 0 3
About a month ago when GLD             was at .4 I suggested we were likely going to have a correction to retest the recent low. That turned out to be true. It looks to me like we are in a declining wedge at this time. It may continue down short term to hit the lower wedge trend line but it could pop up from here. Personally I will be looking for a bullish candle formation on the daily chart before going long. Then add some when the longer term down trend line is broken. If my longer vision of GLD             being in a very large triangle is correct we could have a choppy but sizable longer term up swing from here. Take care. Have a great weekend.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out