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SVby u/siti.vo·32mAnalysis

Thoughts on $GLD resistance at 374.49 today

Been watching $GLD closely today. It touched 374.49, which has been a pretty solid ceiling for a bit now. I'm seeing a potential for a double top if it can't break and hold above that level convincingly in the next day or so. My concern is that while we had a decent run up to it, the volume on that last push wasn't as convincing as I'd like to see for a breakout. If it rejects hard from here and we start seeing closes below, say, 371, then that short-term uptrend might be put on hold, or even reverse for a bit. Just my two cents, always open to other interpretations.

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