GLD - Broken Rising Channel and 250 EMA

There is no surprise with all the talking heads incessantly discussing Bitcoin investors are fleeing Gold .

On Gold prices On December 5, 2017, GLD broke the Rising Channel and 250 EMA but remains inside the dominant Symmetrical Triangle chart pattern.
At FlashPoint Trading Academy, we are watching the up sloping line (and 5th touchpoint) of the Symmetrical Triangle around $115 as our targeted support area .

We will provide updates as they develop so please be sure to click Follow for upcoming updates on GLD .

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