I am not buying the GLD Breakout story

I think GLD is being distributed and I am not convinced with the break out. This is a classic Wyckoff distribution pattern. Everyone is now talking about the GLD break out which is the perfect time to distribute. It will go up a bit but it will soon come crashing down.

Not investment advice, please do your DD

Please boost and follow.
Chart PatternsHarmonic PatternsTechnical Indicators

Disclaimer