GLD Daily is above the diamond, I wonder if it will look for a head fake move above recent resistance.
The move up in GLD is not showing any confirmation on the fastest 1 min chart. This is a move above recent resistance so it could count as a head fake move, especially considering I'm more looking for a pullback, not a huge move down at least at this point.
The 2 min serves as confirmation that there's a negative divergence at this move up in GLD.
The 3 min trend looks horrible here.
Here's the 5 min.
I may be looking to short this move, I'll be a little more patient with it.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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