Gold’s Island Reversal

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Although gold (and the miners) were making a valiant attempt to recover, it has flopped over. I’ve circled the island reversal.

gldilsn

If GLD breaks the tinted zone at 137.80, the selloff should accelerate.

On a separate note, we’ve been adding new features almost daily to Slope. A couple which merit a look at Earnings Events as well as the amazing new improvements to SOAP. Check ’em out – – really cool stuff.