How far can GLD go? I don't know but note that when monthly RSI pass 70, we would like to see it hold 60 in the next pull back. Also, every time GLD touches 10ma is another potential adding opportunity. As long as these hold, no need to worry about the GLD in IRA account.
That being said, if we see GLD price way way above monthly 10MA. It is worth hedging against long term position, in the meantime, adding short term momentum bets.
That being said, if we see GLD price way way above monthly 10MA. It is worth hedging against long term position, in the meantime, adding short term momentum bets.
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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.