TradingView
FriscoTrades
Sep 2, 2022 3:12 PM

$GLD Gold looks good for a bounce Long

SPDR Gold TrustArca

Description

I went long debit spreads this morning on GLD, looking for mean reversion to 21DMA at the least

Technically bulls have stepped in right where they needed to prevented further breakdown and defending the 157 zone support line that's played as a major pivot zone for 2+ years now.

Quick move to $162 is first PT



Comments
SquishTrade
Agree, thanks for your view!
More