GLD – Approaching Demand Zone on Daily Timeframe (Looking for a bounce)


Click here to view the chart.
– GLD approaching a demand zone on a daily chart (support)
– Area also confluences with the 200 SMA & the 50% Fib Retracement from the last significant move up (AB).
Would look for a bounce around the 161.20 to 159.50 levels.
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This entry was posted in Commodities, ETF, Fibonacci, Gold, Misc. Setups, Support (Demand) - Resistance (Supply). Bookmark the permalink.

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