AssetDesign

GLD - Breakout of Reverse Head and Shoulders - alert

Long
BATS:GLD   SPDR Gold Trust
Pretty distinctive Reverse Head and Shoulders look. Breakout projection points to 236.

Wave formation may be wave 3. 1.618 fib of wave 1 projects to the 236 level as well.

The neckline has been heavy resistance for years now but the wave structure points to a big 3 of 3 run that will smash through and start its run.

Physical is better for long term Cash over GLD has been steadily rising over time

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.