$GLD back to the resistance area (consolidation area means some people are trapped there so they may see the rebound as the opportunity to run away therefore the longer the consolidation area lasts the more sellers). I see 40% chances double bottom $GOLD http://bbs.cobrasmarketview.com/ ... mp;p=291616#p291616
So the resistance was strong so now $GLD is back to the previous low. 50% chances of double bottom here. Volume surged yesterday but down again today with less volume so not sure whether we'll see a rebound here first or not, need see tomorrow $GOLD http://bbs.cobrasmarketview.com/ ... mp;p=291945#p291945
Please note, depends on how economy recovers, aka how long Fed stop printing money, $GLD may go down for several years. Could be a cup with handle pattern and now it's the pullback to make the handle phase $GOLD http://bbs.cobrasmarketview.com/ ... mp;p=291946#p291946
$GLD looks like a breakout on the downside is more likely as it spent 3 days consolidating on the support which acts like a "take a deep breath" before pushing forward $GOLD http://bbs.cobrasmarketview.com/ ... mp;p=292015#p292015
$GLD breakdown as expected. The next support is around $160 (blue line). Actually now is in the support area, let's see any rebound here. As usual we need see a huge volume surge first $GOLD http://bbs.cobrasmarketview.com/ ... mp;p=292230#p292230
狗仔卡
发表于 2021-2-4 04:37 PM
发表于 2021-2-4 05:07 PM
