GLD is looking to be toppish.
It has gapped down (along with SLV, which I have close off) and remain below the Tenkan sen and Kijun sen.
It has also been in consolidation since November and have tested the resistance 3 times near $138.
The kumo support below is thin and price below $134 is critical to hold.
$134 is also the Tenkan sen support on the Ichimoku Weekly Chart.
So, we may expect a bounce here to the gap resistance before it finally breaks $134.
And if GLD falls, it is unlikely for SLV to hold as well.