Last week GLD
found support at a key pivot
level and so far this week we have a nice GREEN candle forming.The near term targets are the top of current red down channel
and or the bottom of clone red channel. IF GLD
can get back inside the green channel it is likely that GOLD
will resume it's long term uptrend. For the time being I still consider GLD bearish
since it's still in a short term down trend and below the 100MA.