Current price for GLD is near the POC Line (YTD) and the MACD is crossing over. The most recent daily candle tested the .23 fibonacci level and closed just under it.
Given the uncertainty with covid, the markets being at all time highs and inflation I cannot think of a reason why gold should not rally from these levels.
Targeting $178.84 in the short term and a possible all time high later this year or early '22.
Given the uncertainty with covid, the markets being at all time highs and inflation I cannot think of a reason why gold should not rally from these levels.
Targeting $178.84 in the short term and a possible all time high later this year or early '22.
