GLL (Inverse Gold ETF) Looks about to form a right shoulder. If the MACD signal "kisses from below", what do you think the chances of a gold (GLD) bounce are?
GLD holdings in Tonnes also seems to be recovering from rather low levels (Nothing like GLD tonnes accumulation to help mop up the spare float in gold :-)
The CFTC COT report also looks favourable to me too.
Your thoughts?
P.S. I know Gold is considered the political metal, so I'm trying to consider only the TA and fundamentals here.
EDIT: A word
Submitted January 01, 2016 at 04:27PM by RedBarron300 http://ift.tt/1RVMeuT
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