GLD

Edit: So if today was a cycle low it sure fits. We are finally testing the 50-day since the impulsive move started in January. Expect a hard bounce which is usually the case on the first test following chart moves like this. And yes, I didn’t expect the test of the 50-day to come so soon. I expected a push higher before this pullback, however it all still looks constructive to me.

GDX