I presented two possible moves for GLD.
I know many traders have been positive on gold lately due to bank runs.
the dip in the month of Feb shows an impulsive move. I most preferably another move to the downside (inside the grey box area) before a rally continuation.
however, if the price breaks the blue box, I think gold will continue to go higher. (alternate projection)
I know many traders have been positive on gold lately due to bank runs.
the dip in the month of Feb shows an impulsive move. I most preferably another move to the downside (inside the grey box area) before a rally continuation.
however, if the price breaks the blue box, I think gold will continue to go higher. (alternate projection)