GOLD (GLD) Avoid catching falling knifes!!!!

Gold has another counter move/retracement. According to Investopedia, "The movement of a security's price against the current trend. A counter move occurs soon after the original trend and in the opposite direction, but by a lesser amount. Gains had by trading on countermoves are usually smaller because the full market swings are not recognized. " Source: investopedia.com/terms/c/countermove.asp