Gold has had a nice run. I’m really curious what happens on the pullback. I was look at the GLD holdings and $GOLD accumulation on the weekly chart, both seem very weak. I’d like to see pull back test the 350 dma and recover. Otherwise it just stays range bound.
Why would we need to test the 350 dma on the daily charts? It was just surpassed and has been tested multiple times since 2019 began? Also, volume doesn’t look that bad … I would think we would want to see strong volume when/if $1360-$1400 is finally broken.
Gold has had a nice run. I’m really curious what happens on the pullback. I was look at the GLD holdings and $GOLD accumulation on the weekly chart, both seem very weak. I’d like to see pull back test the 350 dma and recover. Otherwise it just stays range bound.
Why would we need to test the 350 dma on the daily charts? It was just surpassed and has been tested multiple times since 2019 began? Also, volume doesn’t look that bad … I would think we would want to see strong volume when/if $1360-$1400 is finally broken.
Doesnt mean we wont revisit.