I think I pointed out earlier that GLD is near gap resistance, so these charts aren't all that surprising...
GLD 1 min showing a negative divergence at the top of today's range and a leading divergence in effect now.
The 5 min chart hasn't confirmed today's gap up, not good for GLD.
The 10 min chart is showing what looks like a trend reversal from the short term trend.
And finally the 15 min chart seems to be showing the same trend reversal with a lot of distribution into this recent pop.
Is interest rates about to start going up?
-
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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