AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
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As in my linked chart my reasoning is almost exactly the same as with the Devil's Metal. GLD/SLV both trade very similarly. But gold is a smoother ride, less volatile but also smaller gains.

Ichi setup looks neutral/bullish- Chikou about to poke above price, bullish T/K cross, quite a thick cloud which doesn't indicate anything other than the edge to edge to aim for. The bearish fractal before entry is a little deep to place a stop for me personally.

Decent momentum/trend on W and D. We've had a heavy correction since 2011/12.

Depending how you draw the Fib we are bounding around the 50% mark or the .23 mark.

Don't believe the gold and silver shills, these metals move just like any other market.

I will have some other thoughts about the gold silver ratio. But at a glance it indicates to me that silver may be the better bet going forward. But as always, more volatile too.

Oscillators aren't telling me much, so not included.
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