MarcoOlevano

#GLD approached massive horizontal support zone

Long
AMEX:GLD   SPDR Gold Trust
GLD ETF has reached a significant horizontal support level which has been in play for over 2 years now. Will we get another bounce off this level? Also interesting that this support is intersecting at the weekly 200ema. Not a bad risk reward to try play a reversal off this significant support as your risk can be quite limited

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