afman

GLD Descending Triangle

Short
AMEX:GLD   SPDR Gold Trust
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1
Good bearish continuation descending triangle setup, with imminent death cross as the 50DMA looks like it's about to cross under the 200DMA.

Downside target low 152s

Comments

I see the 50MA kissing the 200MA and sharply reversing to the upside.
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CharlesEdgewood CharlesEdgewood
I would be very careful shorting the PM's moving forward.
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GeeHeezy CharlesEdgewood
How did this work out for you Charles??
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