MTBigsky

Reversal in GLD

Long
AMEX:GLD   SPDR Gold Trust
gld
Note the potential false breakdown, Subsequent Hammer Reversal Candle, and Positive RSI Divergence.
Gold could be putting in a solid bottom and is ripe for a snapback rally to a major MA, if not a more meaningful reversal.
From failed moves often come fast moves.
www.bigskyinvestment...m/blog/golden-gilded

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