The zone between 112$ and 114$ is a strong that $GLD will have to face if it intends to breakout higher and continue its correction wave.
As long as $GLD is below 114$, I focus on the side and the 112$ - 114$ zone presents very good shorting opportunity with appealing R/R
- Target levels of (profit taking)
- Completion of two patterns ( and )
- The 200 line
- Downtrend line
Potential targets are 110$ and 108$.
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