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
Technically, Gold has break the kumo support on the Ichimoku Daily chart. If it manage to rally back into the kumo, it only shows uncertainty in Gold’s direction.
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?