Golden Cornerstones - Gold & GLD Analysis

This means that the GLD has dropped under its support line at $166.05, equivalent to the $1767 support in the regular gold market. It is also time for the GLD to move down South further and we expect this movement to continue until somewhere around $155.73. Here, another great project is constructed, and we will see significantly higher prices here, as well.

In the following course of action of the gold price, we expect it to consolidate in the zone between $1722 and $1606. There we will have a very pretty entry point for the following upwards trend.

Gold 144min Chart

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Gold 2 Day Chart

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GLD 4h Chart

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