GLD EOD Post

 The 5 min chart has shown improvement today, suggesting on the open next week we see some strength, I expect it will be short lived.

Here's the more important 15 min divergence, in this post "Gold Continues Lower, For now..." 
I said that the GLD decline wasn't going to last because a good reversal needs a 15 min negative divergence. I fully expected GLD to test the 7/27 highs or exceed them and at that point, I expected a 15 min negative divergence. I posted this just yesterday and today those expectations played out, from higher GLD to the 15 min negative divergence. I think any strength in GLD can be used for a swing trade down. It might develop in to more, but one bridge at a time.