GLD Inside Ascending Triangle. Upside Breakout Due..
Updated
After a nice $200+ correction from the fresh all-time highs, Gold appears to be making a new triangle which could breakout to the upside by the end of this month/early-September. While spot gold did go lower which is not reflected in the GLD ETF, spot prices did not stay below $1900 for more then 4 hours which shows there is very STRONG demand under that price. Looking to go LONG again upon a confirmed upside breakout..
Trade active
Looking good so far...Trade closed manually
Gold hesitated over $1950-60 range. Still some sellers and resistance in there. Gold may break under $1900-$1870 soon...
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