APosner

$GLD consolidating sideways to a bigger event

AMEX:GLD   SPDR GOLD SHARES
$GLD price has been consolidating in a sideways pattern. Gold             is reacting in a narrow manner to daily news. After opening lower today price rallied on the potential Ukraine/Russia conflict.
it also filled the gap @$124.50
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this has been a very prolonged triangle, but indeed a major event is at the end of this thing, which way will the direction be?
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No idea. If you are a trend trader you will wait for the market to tell you.
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It seems gold has found a bottom and is ready to move up
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