GLD has clear resistance in the 318 area but has been trading tighter and tighter up towards it over the last couple months. September is generally the month for a market pullback if you look at seasonality trends, and GLD often (but not always ofc) inverses the rest of the market, and after today's strong close, I think its worth watching as the market may pullback even more in September. Additionally I saw about 28 million in 320 9/19 calls for GLD, so the flow is leaning bullish. NFA
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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.