GLD has completed the reverse Head and shoulder breakout target. Expecting to pause for few weeks or get a significant pull back.
Gold 4 year chart. Support expected at 167-163 zone. If it. Gets broken, next support is much lower.
Gold 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.
Gold can see 225 against 168 today. Cup and handle formation in the making Obviouslyitsmonthly chart so the target is also in coming years.
X to D ~= A to C, while X to B is ~= B to D. Target 176
GLD , atingiu objetivo da perna D, aguarda confirmação para buscar o nível 161.80 do fibonacci.
Breve analise na GLD, com operações em opções.
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. At the moment, we can see the strength declining and we can...