Commodities and mining, Trades and Ideas

$GLD Gold ETF Daily Chart

[[gld]], SPDR Gold Trust ETF

2-year daily chart of GLD, gold ETF.

  • Inverse head and shoulders (bullish pattern)
  • Also bullish is the symmetrical triangle, really looks a bit like an ascending triangle, which is a continuation pattern

Since these are fairly long-term patterns (not a month or two), I think they are more reliable.

Gold should break out soon.