GLD Update

GLD looks like it wants to move up on a short term basis, maybe several days. It looks a bit stronger then the overall market. This would seem to clash with Gold as a flight to safety trade, you would expect GLD to be down if the market bounced, but here we are today with both GLD and the market down. This is what I meant when I questioned whether correlations would hold moving forward, they haven't today.

 GLD 1 min positive divergence

 GLD 2 min positive divergence

 GLD 5 min positive divergence

GLD 15 min positive divergence