Saw a poster on Stocktwits pointing out possible H&S bottom, so here's a chart of it-----GLD (and Spot Gold, as well) forming an inverse H&S bottom. Trendlines (mine) show levels of long-term support/resistance.
If inv. H&S is valid, should see GLD rally very soon (w/i next few days)...if it keeps falling pattern would be invalidated.
If inv. H&S is valid, should see GLD rally very soon (w/i next few days)...if it keeps falling pattern would be invalidated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.