Gold in USD terms- likely to find support in a few weeksGold is moving towards a multi year trend line. Expecting it to take support on it. RSI is also in oversold zone and we can see reversal from these levels. See previous such occurrences marked.
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About SPDR Gold Trust
Gold on decade BO monthly chart Gold can see 225 against 168 today.
Cup and handle formation in the making
Obviouslyitsmonthly chart so the target is also in coming years.
Analise GLD 21/04/2020GLD , atingiu objetivo da perna D, aguarda confirmação para buscar o nível 161.80 do fibonacci.
Gold (GLD) can fall only by 2%. Strong bull trend- medium term.Gold ETF can be used to see the trend of Gold. The way jump from sub 140 level to significantly higher than 140 at 143 has taken place in early August, we have signs of the overall sentiment as strongly bullish. With RSI hovering around 60 in past 2 months, it is evident a strong uptrend is present.
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