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SPDR Gold Trust
Long

GLD comeback

By officialsk1
Based off my technical analysis GLD has been trading in between a channel the past few months. Recently, we saw GLD bounce off the lower end of the channel simultaneously reversing from an important resistance level at $157. This may suggest a reversal to the upper end around $169 in the coming few months. Finally, in support of the resistance at $169, volume profile shows high activity also at $169.
Chart PatternsGLDGoldgoldtradingTechnical IndicatorsTrend Analysis
officialsk1

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