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GLD, might be a rebound here first

GLD, might be a rebound here first

Postby Cobra » Fri Jan 08, 2021 6:49 pm

$GLD, widest bear bar after consecutive down with volume surge so it could be an exhaustion therefore could be a rebound here first, which, if indeed, MAY have chances to form a larger scale of higher low reversal (therefore more solid bottom) pattern. I think it's the time to watch closely.

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Re: GLD, might be a rebound here first

Postby Cobra » Fri Jan 15, 2021 6:30 pm

$GLD still has chances to make either higher low or slightly lower low trend reversal. The battle isn't over yet. Watch the volume for a sign of gold bull capitulation.
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