Below is a chart of GLD that shows what I consider to be the most important moving averages. They are the 150, 200 and 300 day moving averages. The 150 and 200 dma have turned down while the 300 is still trending up. If GLD can ever get above those three moving averages that would show some considerable strength. We just need to be patient awhile longer and see what GLD has on its mind.
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