GLD - Breakout of Reverse Head and Shoulders - alert
Pretty distinctive Reverse Head and Shoulders look. Breakout projection points to 236.
Wave formation may be wave 3. 1.618 fib of wave 1 projects to the 236 level as well.
The neckline has been heavy resistance for years now but the wave structure points to a big 3 of 3 run that will smash through and start its run.
Physical is better for long term
Cash over GLD has been steadily rising over time
Wave formation may be wave 3. 1.618 fib of wave 1 projects to the 236 level as well.
The neckline has been heavy resistance for years now but the wave structure points to a big 3 of 3 run that will smash through and start its run.
Physical is better for long term
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