The GLD broke above $141 this morning, triggering a buy signal on our end. On the weekly chart below note the steady upward movement over the past few months (and obviously years as well) with nice consolidation periods here and there.
On the daily chart note the consolidation pattern that started early March and has now lead to a break higher, above the aforementioned $141 resistance area.
We are targeting $145 as a first profit area and a stop at $139.50
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