$GLD broke support where to look for bounces. UPDATE Fixed Chart
Gold broke long term support.. Here is a 8 year view. Long term I am very bullish on gold. But time frames.. Anyway. Key aeas to look for a bounce or to short below are shown on chart. Watch those lines. I expect the bottom one to bounce strongest if ever gets there.
Bearish all around.. but can bounce here. Even with expanding volume. But note this was NOT DISTRIBUTION volume. See all previous large red candles. Monday will be important. for Gold bugs to defend their yellow metal.
Bearish all around.. but can bounce here. Even with expanding volume. But note this was NOT DISTRIBUTION volume. See all previous large red candles. Monday will be important. for Gold bugs to defend their yellow metal.