$GLD . Kumo support at around $160

GLD has a sharp fall couple of days back. Kumo support is around $160; the region which it previously breakout from. Noticed how the Tenkan sen and Kijun sen is touching each other? A further drop in GLD will definitely result in a bearish cross. The support levels that I am looking at is around… Continue reading $GLD . Kumo support at around $160

$GLD : Is this the end of the bull run?

Yesterday, market drop on the equities side presented an interesting observation on the GOLD (or $GLD) chart. From the chart, there’s 2 clear signal that could mean an end to its bullish run. 1. A Tenkan sen – Kijun sen bearish cross on the chart. 2. A gap down on the price level. At around… Continue reading $GLD : Is this the end of the bull run?