Gold will complete an interesting bullish setup if $GLD will reach 100$
The last trade I had on $GLD reached 2 out of 3 of my target zones. With $GLD closing below the 50 day MA line, we may be heading towards another bearish wave.
There are couple of setups for $GLD that I covered in this week's Weekly Markets Analysis (press here to read the newsletters) but the most interesting setup is definitely if $GLD will reach the psychological zone of 100$:
The last trade I had on $GLD reached 2 out of 3 of my target zones. With $GLD closing below the 50 day MA line, we may be heading towards another bearish wave.
There are couple of setups for $GLD that I covered in this week's Weekly Markets Analysis (press here to read the newsletters) but the most interesting setup is definitely if $GLD will reach the psychological zone of 100$:
Trade your Edge - Trade the Zone