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
ノート
That RSI divergence failed spectacularly...however it revealed an interesting fibonacci repeat from 2016... check it out 
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。