GLD approaching key resistance at 369.21

Watching $GLD here. We saw it poke up to 369.21 today, which aligns with some prior highs I’ve marked on my chart. It’s been a decent run, but that level looks like a significant resistance zone. If we get a clean break and hold above it, then the upside argument gets stronger, and I’d start looking at much higher targets.

However, failure to breach it, especially with this kind of daily range, suggests we might see a pullback toward the mid-360s, possibly even 363.6, which was today's low. The risk for any bullish plays right now is a rejection from 369.21; if it fails to convert that into support on a close above, then the recent momentum could quickly reverse.