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GLD might have made a double bottom breakout

GLD might have made a double bottom breakout

Postby Cobra » Thu Nov 05, 2020 8:09 pm

$GLD might have made a double bottom breakout. I'm not very sure because the volume is huge which could mean today's bar is an exhaustion bar.

gld.png

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Re: GLD might have made a double bottom breakout

Postby Cobra » Thu Nov 19, 2020 6:29 pm

$GLD, it's the 3rd test of the blue line below, usually the more test the less likely the line would hold, so a breakdown now is a little bit more likely.
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Re: GLD might have made a double bottom breakout

Postby Cobra » Mon Nov 23, 2020 5:44 pm

$GLD $GOLD, made a breakdown indeed. However the volume surged as well, so maybe a rebound in the next couple of bars then we'll see.
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