jamespwu

GLD still in range only, no real big trade

AMEX:GLD   SPDR Gold Trust
2
I was excited from the recent bounce in GLD thinking there could be a real trending type of trade. What I did find is a downward moving channel. Not very exciting. It needs to break 114 on the upside for a real long trade or a break below 98 for a short. But so far not much, but a consistent range pattern.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.