Very very rarely will I preemptively get into a position before price breaks an MA of merit. This is one of those times. With GLD under the containment MA of 2 days of highs for 8 days, the containment ratio of 4+ is very rare and I would argue a case where one might get preemptively long. Let’s see what happens the rest of the week maybe into next. Catching the falling knife is rarely wise but this is the one case where perhaps the knife has already hit the ground.
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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.