GLD pulled back from the Sept’19 peak of $30.98. The ETF has been consolidating above strong support levels: the $ 25.98 low on Nov 12, 2019, 200 day MA at 25.33, and 50% retracement of the 20.14-30.96 upswing. The bounce over the past few weeks seems to coincide with the overall recovery of commodities, commodity currencies, and energy. GLD is likely to continue range-bound and resume rally in the new year.
Happy Trading!
Happy Trading!