Browse Symbol Stacks: GLD: Gold_Weekly_Wedge_Feb082016.jpg

Gold_Weekly_Wedge_Feb082016.jpg

Gold kicks off the week making a third touch of the downtrend line off the /gc (continuous) chart 2014 high. 

We've seen three breaks of the wedge to the downside so far. Let's see if the bears can finally get a reversal going to $1000, then $980-985 for monthly chart prior structure significance

Comments

BallistaBallista
Don't think you get further stock market downside without gold and bonds continuing to move up. 2/8/16