GLD has been trending up and the chart shows that volume is increased in April / May as
compared with March and is about relatively 2X. GLD is now priced at its all time high.
On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are
reacting to economic uncertainties and the dollar value having its challenges.
Today, price is down 1-2 % dropping towards the bottom of the Bollinger Bands providing
a good long trade entry. Stop loss is one dollar below the bottom band while targets are
at + 5% + 15% and +30% as a long duration swing trade expecting rising gold prices for at least
six months. See also my idea on XAUSUD / Cup and Handle
compared with March and is about relatively 2X. GLD is now priced at its all time high.
On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are
reacting to economic uncertainties and the dollar value having its challenges.
Today, price is down 1-2 % dropping towards the bottom of the Bollinger Bands providing
a good long trade entry. Stop loss is one dollar below the bottom band while targets are
at + 5% + 15% and +30% as a long duration swing trade expecting rising gold prices for at least
six months. See also my idea on XAUSUD / Cup and Handle