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UnknownUnicorn2413721

GLD to watch in coming months, short term iffy then breakout?

SPDR Gold Trust (AMEX:GLD)  
UnknownUnicorn2413721  
AMEX:GLD   SPDR Gold Trust
Support and Resistance Trend Lines
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supportandresistance trendline
The bulls on GLD have been unable to break 129 resistance. Might see short term bearishness given we are coming off overbought CCI and stock RSI is negative. Ideally we see a selloff to the low 120s for a nice push past 129 into 130s in late March early August. Short term bearish/neutral, long term bullish assuming markets fail to recover their bull. In any case, keep an eye on USD, SPX/SPY and GLD/$GOLD. Should be an interesting few years. Stay nimble and don't fall in love with any sector or position.
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