Rate Of Return💯
$SPDR Gold Shares(GLD.US)
I believe gold has topped. Look at those red candles and heavy volume off the high. Yikes! That is either lots of accumulation or loads of distribution. What does logic tell you?
I am leaning towards distribution and a wave 3 top for this wave cycle. This should be an ongoing wave 4. My target is 320. If price bases around there with sufficient time to digest the recent parabolic gains, only then will I consider gold again.
Disclaimer: Not financial advice. Kindly do own due diligence.
@Longbridge Singapore @Bridge Buzz SG
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