rlim

GLD consolidating lower

AMEX:GLD   SPDR GOLD TRUST
ADX at 13, indicating it is not trending
It headed south on Friday, when SPY             opened below 50 dema .
I may consider selling a short put spread below 109.5 resistance
If SPY crashes, conventional thinking says GLD should go higher.
If SPY breaks up, I don't it will break support of 109.5
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