SPDR Gold GLD Monthly - Time expired for the decline - buy stop@

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Gold             Chart Monthly Bars is showing us that the decline is over, based on time. Given the current "inside month" where the trading action in May is "inside" the range of April, we could simply BUY with a stop equal to this month's trading range below our entry at month-end. Alternatively, we can just buy using a stop crossing above April's high once May is over.

The chart shows the key concepts in using TIME AT MODE to explain how the market accumulates and distributes over time. The current downtrend expired already on multiple time frames and has failed to make a new low for the downmove after 5 months, so those two elements combined provide for a nice setup for a rally.

Here is another important concept: Low-Time-Support

"LOW" TIME SUPPORT is the level where the market spent the "least time". Why is that important? Because there were SO MANY BUYERS at that level that the market passed through that level very quickly and cleared all of the sellers. Hence, the "LOW AMOUNT OF TIME" areas are the most important because it is the way the market shows you were the strongest opinion levels are.

More charts to follow as time rolls on: I'm eager to hear your comments and questions.
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A little more analysis on the chart... key upside target....
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