Yes - there seems to be in the-GLD complex.
Is this true.....The Golden-Rule?
"Price onto others as the golden-Fibonacci prices onto you?" (My son would call this phrase a lame dad joke).
All kidding aside, there seems to clearly be in-GLD. Very symmetrical indeed.
As I see it, the trend remains up and should resume after a brief consolidation. Look for Fibonacci .618 ($124.91) as a key . The next level is $123 (50%).
As you can see in the chart above, the (top indicator) is approaching oversold. This should reverse at Fibonacci .618 ($124.91). Look for confirmation in the phase energy as this drifts to the zero line.
My opinion: gold-is strong because central banks are running out of stimulus. Negative interest rates in Japan, and now Germany. Very hard to imagine.
It is no wonder that there seems to be a rush to gold-and-metals (via GLD-XME-GDX-HL-GORO-NEM-many other gold-miners, etc.).
I would like to close with a quote about perfection and charting. Charts deal with probabilities, never perfection. My favorite perfection quote come froms the late, great Monday Night Football commentator, Don Meridith. His former coach (on the Cowboys) was Tom Landry, who was a perfectionist. Don Meridith said of Coach Landry:
“He’s a perfectionist. If he was married to Raquel Welch, he’d expect her to cook.”
I hope this has been entertaining and informative. I hope all of your trades go well. Don.