I've been watching GLD for a false breakout as the triangle was very obvious. What makes sense fundamentally doesn't always jive with the chart, but that' part of the market's continuos surprises and how Wall Street makes its living.
Gold's breakout makes fundamental sense, but is it real?
the 10-min chart...-
The 5 min chart
The 1 min chart
This is not the follow through you'd expect to see and there seems to be plenty of profit taking. Just a reminder, keep your risk management in place and be ready to change as the market gives you reason. It's not about being right, it's about making money.
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