GLD is at the lower channel trend line and potential support from last summer. Is there enough support here for a decent bounce? It seems like there could be, but we need to see more upside first. I would not make any prognostication about the long term here either. This could make a long term bottom or GLD could bounce from support and still end up rolling over and going lower. That is a tough call. However, in the short term this is a possible decision point.
Bob
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