- GLD Daily candle looks like a hammer candle near channel support line. Two unfilled gaps may help bulls to extend the up move from Friday's bottom. One negative for bulls is that price is yet to hit the channel support line.
- One more crucial event that favors bears is the weekly close below 100 Week SMA. Any bounce from the current levels may find resistance at higher levels due to this and much lower price cannot be ruled out.
- S&P 500 ANALYSIS AFTER CLOSING BELL
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