Improved Near-Term Technical Set-Up for GLD

GLD-- today's low to high intraday action has improved the near term technical set up, which now argues for upside continuation that takes out nearest down trendline resistance in the vicinity of 126.15, which will have the potential to trigger a thrust to challenge more important and more consequential resistance 127.80 to 128.00.

Last in GLD is 125.93/94