GLD triggered a bullish aggressive crossover last month (Dec) within what looks like a multiyear bull flag/bull pennant. If successfully consolidating in bull pennant, could produce a new leg higher in the coming months/years. Dependent on the following factors: falling real rates (higher inflation / lower nominal rates - one or both), USD relative to global currencies, precious metals demand, narratives, falling economic activity.
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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.