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GLD Chart analysis

  • GLD is approaching its 50 day moving average.
  • Price is also getting resisted at the 50% Fibonacci level for the recent fall.
  • So a close above 50 DMA and break above 50% and 61.8% can continue the bullish trend of GLD
  • Getting resisted at 50 DMA will favor bears for a down move.
Posted by San at 12:34 AM

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