If you are a believer of seasonality, then GLD is no longer bearish in the next few weeks.
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Based on Acc/Dist indicator, GLD is the "buy-the-dip" trade.
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I'm expecting a dead-cat bounce in GLD.
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the price channel parameter changed to 21.
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be realistics! it may trade in the range of $165 - $180 in 2021.
It's ok to trade both "fade the rally" and "buy the dip".
It's ok to trade both "fade the rally" and "buy the dip".
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I'm looking at GLD monthly chart to find supports.
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weekend review