SPDR Gold Shares (GLD)
Gold didn't hold an important support level and its at its lowest point since February-2016.
Last month it had a loss of -9.46% (-8.1% since election day) while SPY gained 4.61% last month.
Buy signal: $113
Target 1: $118/Jan
Target 2: $125/Feb
Sell signal: $108
Target 1: $ 103/Jan
Target 2: $96/Feb
SPDR Gold Shares (GLD)
Gold is currently at its highest close since the last
four weeks. If the level of $125 its reached the stock
could give a buy signal and the following targets
could be reached within the next few months.
The level of $118 has to hold in order for this
trade to work.
Target 1: $128/Nov
Target 2: $131/Dec
Here is what I think based on technical analysis:
According to the Ichimoku indicator if red line crosses the blue line and stays over it for a prolonged time crossing the cloud area as well could be an indication of a bear sign. If current trend continues we could be entering into a bear market which could last up to two years according to previous data. If you...
