GLD Update

 GLD has bounced into that important resistance/support range for a second time in 3 days, it's not surprising as each time it moves in or out, it' generating money for HFT firms in a number of ways.

 The 1 min chart didn't confirm Thursday's bounce and it failed Friday, today's move has even less confirmation.

 The 5 min chart is also negative.

As is the 15 at both attempts.

I believe this is HFT volatility moves, the question is how long they keep this up before GLD is moved directionally. It's this kind of chop which makes ETFs dangerous, especially leveraged ETFs.