If you are a believer of seasonality, then GLD is no longer bearish in the next few weeks.
Trade active
Based on Acc/Dist indicator, GLD is the "buy-the-dip" trade. Trade active
I'm expecting a dead-cat bounce in GLD. Note
the price channel parameter changed to 21.Note
be realistics! it may trade in the range of $165 - $180 in 2021.It's ok to trade both "fade the rally" and "buy the dip".
Note
I'm looking at GLD monthly chart to find supports.Note
weekend review
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.