GLD reversal of downtrend?
Not trading GLD much and fundamentally not sure why gold turn but can't ignore the technicals. Seeing lots of support down here and potentially reversal. Today's bounce was confirmation of support. Potentially working on inverted H&S against the ascending blue trendline (dotted). Don't expect it to happen quickly but probably in a month or two. Also seeing similarities with the previous topping at 2008 (highlighted in yellow circles). hourly chart is here 
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