Watching $GLD today, that pop through 370.94 and testing 376.28 was interesting, but I'm keeping an eye on whether it can hold above 375 for a real continuation, otherwise we could see a quick retest of the lower range from this morning.
Totally agree. That 375 level is going to be key. If it doesn't hold, I'm thinking a dip back to the 372 area is more likely than a full retest of this morning's lows, but it's definitely something to watch.
Always interesting to watch the market's internal debate about whether it actually wants to hold a level, isn't it? Seems GLD is still making up its mind if 375 is a permanent address or just a quick visit.
Good call on the 375 level. If it fails to hold, that quick retest downward seems very plausible given today's action.