$GLD, maybe a descending triangle in the making? The descending triangle usually is a continuation pattern so the chances of breakout on the downside in this case might not be much higher than breakout on the upside, will need wait and see http://bbs.cobrasmarketview.com/ ... mp;p=286668#p286668
$GLD, rejected at the descending triangle upper boundary, so far looks more and more like a descending triangle. The horizontal blue line below might not hold another test http://bbs.cobrasmarketview.com/ ... mp;p=287006#p287006
$GLD, still could be a descending triangle in the making which is a continuation pattern so in theory should breakout on the upside but personally the descending triangle is always bear biased to me http://bbs.cobrasmarketview.com/ ... mp;p=287224#p287224
$GLD is officially touching the weekly EMA20 now which means after waiting for a long time finally people can buy at 20 weeks average therefore could attract some buyers. Let's see if those dip buyers are strong enough to lift the gold http://bbs.cobrasmarketview.com/ ... mp;p=287653#p287653