This morning GLD gaped above all four moving averages. That’s one way to take out overhead resistance. As you can see we are approaching the blue downward slopping rail. That should be a good test of resistance. Watch how we interact with that blue rail for more clues. Also note the big gaps that have formed on this last little rally.  There is a good chance those gaps will get filled at some point. When is the only question.

GLD gap over 4 moving averages.