GLD – Short At Top of Channel

"Danno" Sheehy

A short trade in gold (GLD) is illustrated below. GLD found resistance at the top of the descending channel outlined in red. The 38.2% level of the Fibonacci retracement drawn from the high on 7/6/16 to the low on 12/15/16 is contributing to the resistance. Yesterday, GLD gapped down but finished the day closing higher […]

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"Danno" Sheehy

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