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mtraderz
May 7, 2020 4:55 PM

GLD Bull flag Long

SPDR Gold TrustArca

Description

Bull flag

Trade closed: target reached

Comments
arhitizer
ready to explode...
ID212
bull flag or bullSh**?
mtraderz
@ID212, GLD should be bearish in the short term as gold is expected to encounter temporary losses when the fake rally bubble pop in equities . However GLD in the long term (1-3 years) is bullish big time.
ID212
@mtraderz, I am looking forward to breaking through 1725 soon !
ChartProphet
@mtraderz, I agree with that statement. I am starting to think Gold and Silver will come back down with the DOW and decouple later. Albeit bullish for now.
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