AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
107 views
6
107 1
GLD Symmetrical Triangle Pattern began forming after bottoming in December 2015. Volume has decreased since it began consolidating in June 2017.
A breakout above the downsloping line with the support of other techincal indicators could see this ETF make a run to $135.
A failure to breakout would see a retracement to recent support just under $115.
Comment: GLD has breached the down sloping line of the Symmetrical Triangle. However, short term indicators are overbought suggesting we may see a pullback near-term.

Symmetrical Triangles are tricky to trade. Why? Because the pattern will sometimes breach the down sloping line of the triangle and soon thereafter reverse direction and find itself back in the Thus, money/risk management is vital.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out