View: GLD_M.png

GLD_M.png

Before the bell, as previously stated on my chart for SLV, this morning's fall in precious metals means support will next appear at $96.00 (the 38% Fibonacci level) which is coincidentally where channel support appears. GLD does appear to be in better shape than SLV but just as silver leads gold during long-term bullish ascents, it also applies to when there are long-term bearish descents. This decline is only part way finished.

Restack of GLD_M.png added by Danja Zown.
GLD_M.png

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