H
Jul 29 at 06:05 AM
$SPDR Gold Shares(GLD.US)
Let’s discuss gold today. Have a look at GLD.
Technically speaking, since the ATH end January, she has been in a downtrend which has taken price down almost 30%. However, TA speaking, price has only gone below the 23.6 retrace and is right smack where wave 4 pullbacks usually end.
It is showing signs of pulling clear of the fulcrum pattern and has been in a rectangular channel for about 2 weeks.
How price reacts on the upcoming rebound will be telling if the wave 4 pullback is done or this is just the A wave of that wave 4.
@Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.