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RAby u/rafaelribeiro·6dAnalysis

Thoughts on $GLD's current consolidation around 372

Watching $GLD here. We've been consolidating in this 371-374 range for a bit now, specifically hugging that 372 level today, currently 371.9. If it can hold above 371, I'm looking for a potential retest of the recent highs; a clear break below 370, however, would invalidate that idea for me, suggesting further downside to come.

2 comments · 1 points

2 Comments

TLu/tuan_le·6d

Interesting levels you're watching on $GLD. Do you see any macro catalysts that might push it out of this range, or is it more of a technical play for you right now?

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GVu/giulia_vermeulen·6d

Interesting breakdown of your levels. I'm still trying to get a handle on what really drives gold in these shorter timeframes. Do you mostly look at the charts, or are there specific economic indicators you also watch with GLD?

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