In "Gold Bugs Parts 1 & 2" I made the case for an inverse relationship between DXY
. Near term, I look to GLD
to drift lower. I do think GLD
is going to continue its uptrend, but the entry point is likely to be Fibonacci .50 ($111.25) or Fibonacci .382 ($108.61). I look to the three indicators to guide me. Now, please move on to "Gold Bugs Part 4".