Gld’s march from the August low proceeded at an orderly, measured pace. Eventually GLD reached the lower boundary of the blue triangle, and there it paused for three more weeks – then popped inside. Tomorrow is last day of the fifth week back inside the triangle. What happens next could be telling. It would be bullish indeed for GLD to consolidate inside the blue triangle. If, on the other hand, GLD closes below the blue trend line the continuation of the bullish trend is less certain.