GLD Analog
No one seems to have noticed this analog in GLD going back to 2012. This would call for a decline into the end of March and a major decline down to roughly 72.80 or so. The only conclusion that I can draw from this analog is that if/when t he ICH's hit in the major indicies (roughly between now and mid-January), Gold will not become the safe haven, but will decline with stocks until the next intermediate cycle low is due for stocks around mid-March.
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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.