SPDR Gold Trust
Long

GLD SPDR two bullish breakout patterns in one!

137
W Formation has formed and the price has broken above recently.
We then have a larger Cup and Handle forming, which the price is now completing the Brim Level.
This market is correlating well with Gold and seems to be lagging the current Gold rally. This means, we can expect upside for GLD very soon.
My first target is $174.68

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.