The previous pattern from GLD most recent bottom at 115 gapped and paused two days at that level before moving higher. It may be similar in the current move and I would expect GLD to make a good move starting Wed. I looked at the 10 day pattern from 115 to 125 and scaled this move. If scalable, it calls for a move to GLD 140 by matching the previous miniature pattern seen in the prior tow weeks. GLD needs to hang tough today and hold the 125 level.
Gold Pause Before Next Move?
Started by
thoughtpwr
, Jun 28 2016 12:11 PM
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