SPDR Gold Trust

Gold Falling and Looking For Support

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30k oh my! Today, 11/24, the Dow closed above 30k for the first time and bulls are raging. GLD has broken through a key support level of $174.76 and is back where it was on July 16 at $169.59. Look for resistance here as it approaches the $168.56 resistance target. If it continues falling the $164.95 - $158.09 channel can be played.

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