Trend Trading: Gold ETF

We’re looking for the Gold ETF (GLD), which is a Bear market, to hold support here at $157.10, as indicated on the stock chart below. Failure to hold support, indicates the Bear market is not over. In the meantime there are numerous sectors and industries that are very strong, such as Metals and Mining, steel, copper, (not gold) etc. etc.

Gold chart:

Gold ETF (GLD)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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