Gold (GLD) Reaches New Reaction Lows
The two-week slide in the GLD from 66.42 continues into new reaction-low territory today at 61 -- and as of now my work still points lower, perhaps for a test of 60 in the upcoming hours. The relatively constructive big picture will remain positive unless the 7/24 low at 59.83 is violated.
For more of Mike Paulenoff, sign up for a Free August Trial to his ETF Trading Diary.