For those in Singapore, on the Straits Times Index, O87 aka GLD is just about to break out of the triangle, having broken out of the MACD trendline, and into the bullish territory at the same time (yesterday).
This is a bullish indication, which needs a price break out of the triangle with committed volume to follow.
We will know as it turns into July...
Targets...
gld etf is in uptrend and currently trading near the mid-point of long term channel and lower bound of short-term channel. potential long trade entry @ 159.68 with stop-loss @ 157.84 and profit taking @ 165.96
SGX
