SPDR Gold TrustLong
$GLD Ready to Breakout?
Looks like GLD is putting in a series of higher lows except one oops lower. In addition, it is in a wedging pattern which is showing less volatility. If you are a Mark Minervini fan, a Volatility Contraction Pattern (VCP). Chances are good if this break to the upside (it's close) with volume, it could be a good long trade. If I take this trade my stop would be just below the short term downtrend line. Ideas, not investing / trading advice.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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