Master_of_Fine_Charts

GLD Bullish

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AMEX:GLD   SPDR Gold Trust
We see a fresh MACD cross in addition to the D+ crossing over the D- on the ADX. The most recent price action is very bullish starting 12/15 when we saw a double bottom and rally back above the POC line (1 year).

9 day ema is crossing the 50 SMA and the most recent candle was very big and green and filled the down gap from a few days prior.

With today's high inflation number I am looking at GLD to rally in the mid to long term.

target: $174.67 and possibly back to all time high later this year.

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