For All the Clamor, Gold Has Done Nothing in a Year
Gold is breaking out, no, its breaking down…
For the past several months, every time there’s volaitilty in $GLD, I see posts telling me how the next big move is coming.
Yet, every time I look at the chart, I see an asset that is making lower highs and higher lows. 
Sure, eventually we’ll get some resolution out of the narrowing triangle, but for the time being, gold is resting on its 200 day moving average in the middle of this tightening range.
It’ll likely take a few more months… Zoom Permalink

For All the Clamor, Gold Has Done Nothing in a Year

Gold is breaking out, no, its breaking down…

For the past several months, every time there’s volaitilty in $GLD, I see posts telling me how the next big move is coming.

Yet, every time I look at the chart, I see an asset that is making lower highs and higher lows. 

Sure, eventually we’ll get some resolution out of the narrowing triangle, but for the time being, gold is resting on its 200 day moving average in the middle of this tightening range.

It’ll likely take a few more months…

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