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Gold Pause Before Next Move?


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#1 thoughtpwr

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Posted 28 June 2016 - 12:11 PM

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.



#2 gannman

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Posted 28 June 2016 - 06:46 PM

thanks


feeling mellow with the yellow metal