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SPDR Gold Trust
Long

GLD comeback

96
Based off my technical analysis GLD has been trading in between a channel the past few months. Recently, we saw GLD bounce off the lower end of the channel simultaneously reversing from an important resistance level at $157. This may suggest a reversal to the upper end around $169 in the coming few months. Finally, in support of the resistance at $169, volume profile shows high activity also at $169.
officialsk1
Chart PatternsGLDGoldgoldtradingTechnical IndicatorsTrend Analysis

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Chart PatternsGLDGoldgoldtradingTechnical IndicatorsTrend Analysis
officialsk1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.