Browse Symbol Stacks: GLD: GLD Weekly and daily log.png

GLD Weekly and daily log.png

Weekly and daily log of GLD. Correction soon? 

Looks to me like once we reach the short term target (yellow box) we may well have a correction to close the gap. Will be looking for a trend line break or reversal candle pattern.  

Note the negative reversal in the weekly RSI and the bearish divergence in the daily RSI . Have a great week.


Also see Fiboman's excellent chart from about a week ago. 5/3/16