Timonrosso

GLD SPDR two bullish breakout patterns in one!

Long
AMEX:GLD   SPDR Gold Trust
W Formation has formed and the price has broken above recently.
We then have a larger Cup and Handle forming, which the price is now completing the Brim Level.
This market is correlating well with Gold and seems to be lagging the current Gold rally. This means, we can expect upside for GLD very soon.
My first target is $174.68

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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