GLD (SPDR Gold Trust) all time high very soon
It took Gold almost 10 years to make new all time highs, which it did in Juli 2020. Since that moment gold has been trying to create a period of new price discovery. I believe we're almost there.
Price discovery means that the price is confidently breaking new all time highs, which usually ends in a parabolic run up. The previous all time high is technically an all time high, but I woudn't truely call that price discovery.
Why do I think we'll see price discovery soon? The more a resistance gets touched, the weaker it gets. GLD is now on its third attempt to break resistance. Combine that with the sudden spike since the low of Octobre 2022, and you got a likely price discovery scenario.
Price discovery means that the price is confidently breaking new all time highs, which usually ends in a parabolic run up. The previous all time high is technically an all time high, but I woudn't truely call that price discovery.
Why do I think we'll see price discovery soon? The more a resistance gets touched, the weaker it gets. GLD is now on its third attempt to break resistance. Combine that with the sudden spike since the low of Octobre 2022, and you got a likely price discovery scenario.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。