18
JEby u/jelena86·1moAnalysis

Watching $GLD for a bounce

It looks like $GLD might be establishing some support around the 364.78 area, which aligns with previous resistance now turned potential support on the daily. I'm not calling a bottom, but if it can hold this level through the next couple of sessions, we might see a move back towards 368. The obvious invalidation would be a decisive close below 364.5, which would open up further downside.

1 comments · 18 points

1 Comments

YPu/yan_p·1mo

I'm seeing that too. The volume seems a bit light on this bounce attempt, though. Any thoughts on how that plays into your thesis?

2

More like this