Double hammer, morning star forming on trendline
GLD seems to forming a nice morningstar bottom here and it's close to the trend line support from early Nov and early Jan lows. GLD has also broken previous highs (higher low in Jan, higher high in mid Jan from mid Dec. Vol is also very low the last 3 days, which seems to indicate a slowing of the sell off. Notice also the concentration of the Parabolic SAR 50-day MA and Orange resistance trend line around 118. MACD seems to be flattening out, and EFO almost turning positive.
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