It doesn't look like it.
We discussed the outlook for GLD a day or two ago and it was more or less, "pullback time", either to the recent trend which would be around $145 on GLD or to the longer average at $140 or so.
Here's the mid-term trendline around $145 or so. GLD's failure to make a higher high was the first hint.
On a 10 min chart, here;s today's bounce...
3C is showing the first signs of distribution on this move, volume also picked up on the sell side.
GLD shorts, this may be your tactical entry.
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