goodguy
Long

GLD Gold: Is it close to a correction?

AMEX:GLD   SPDR GOLD SHARES
57 0 1
Looks to me like once we reach the short term target (yellow box) we may well have a correction to close the gap. Will be looking for a trend line break or reversal candle pattern.

Note the negative reversal in the weekly RSI and the bearish divergence in the daily RSI .

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