GLD Daily Charts
The SMA 400 had acted as support since late July. Not any more:
Also, the SMA 200 and SMA 400 had effectively converged above, but price gapped below the SMA 200 too.
Not a sign of strength IMHO.
Charts below are just FYI’s:
The SMA 400 had acted as support since late July. Not any more:
Also, the SMA 200 and SMA 400 had effectively converged above, but price gapped below the SMA 200 too.
Not a sign of strength IMHO.
Charts below are just FYI’s: