claydoctor

GLD updated chart

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BATS:GLD   SPDR Gold Trust
0
Posted this chat the other day, showing the pink arrow. But we proceeded further down to the bottom trend line. And we had a nice bounce of tat today. Could it be that we keep going higher here to the upper resistance blue trend line, and repeat yet again another ABCD structure? I think this could very well happen. These patterns are ones that can be trusted more than most. problem is there are way too many events that could effect it right now, one way or the other, in a spike. But I am leaning long, with a stop, at least until the blue trend line.
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