SPDR Gold TrustShort
GOLD (GLD) Avoid catching falling knifes!!!!
Gold has another counter move/retracement. According to Investopedia, "The movement of a security's price against the current trend. A counter move occurs soon after the original trend and in the opposite direction, but by a lesser amount. Gains had by trading on countermoves are usually smaller because the full market swings are not recognized. " Source: investopedia.com/terms/c/countermove.asp
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.