Gold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat.
The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel.
Also, previous behavior in GLD is that it often forms these V-bottom patterns when it reverses...and often times 50% (or much more) of the move retraces in the subsequent days-weeks.
As such, I'm taking GLD here. Currently at $144.33... $121 is my first target, and I believe it would get there before the end of September.
Travis
JMJ - IUOGD
The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel.
Also, previous behavior in GLD is that it often forms these V-bottom patterns when it reverses...and often times 50% (or much more) of the move retraces in the subsequent days-weeks.
As such, I'm taking GLD here. Currently at $144.33... $121 is my first target, and I believe it would get there before the end of September.
Travis
JMJ - IUOGD
노트
That RSI divergence failed spectacularly...however it revealed an interesting fibonacci repeat from 2016... check it out 
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.