Gold and the GLD etf have rallied sharply of late as more market participants are jumping on this bull market. But how much higher can this shiny metal rally? In order to properly assess we must take a bigger picture look.
2 Comments
Harvey D
on 24/07/2020 at 2:49 pm
I’m confused. When you put up a longer term chart of GLD, going back to 2011, it showed GLD is higher now, at 178…but on my ThinkorSwim chart, the high from 2011 was 185.85, so we still have overhead resistance.
I’m confused. When you put up a longer term chart of GLD, going back to 2011, it showed GLD is higher now, at 178…but on my ThinkorSwim chart, the high from 2011 was 185.85, so we still have overhead resistance.
Thanks Serge, nice job!