jamespwu

GLD topping out or continuation of trend break

AMEX:GLD   SPDR GOLD TRUST
22 0 1
GLD             is in a interesting scenario here. The daily RSI has reached 85, extremely levels that happened prior to the current price high on Friday. Although, we have a break of the downtrend, the potential setup of lower RSI and a reversal candlestick candle stick on the daily chart presents conflicting information. I am out of my GLD             long and will proceed with caution and see if any new developments will present any opportunities.
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