Gold assets have fallen out of favor in recent months and the price is well off its highs. Price closed above a significant level that acted as resistance back in April and May of 2020 and the same level acted as support in November 2020.
GLD double bottomed in March at the $157 level and trended up since then.
With the RSI in check, MACD positive and the current price in close proximity to the POC line YTD I feel this is a good entry point especially given the increased talk of inflation risk.
Targeting: $171, $179, $183
GLD double bottomed in March at the $157 level and trended up since then.
With the RSI in check, MACD positive and the current price in close proximity to the POC line YTD I feel this is a good entry point especially given the increased talk of inflation risk.
Targeting: $171, $179, $183
