GLD Update

The last GLD update we saw some very early signs that looked positive, but I warned several times, that they were very early and not on influential timeframes yet. It seems for now, that has ended and GLD still looks like the highest probabilities are a pullback within the range of the last several months.

 The 1 min GLD positive divergence that grabbed my attention, it seems to have stalled at least for now.

 The 2 min that was starting to follow looks a bit more negative now, without the 1 min feeding the longer timeframe, I'd expect it to start to deteriorate a bit.

 The 3 min chart was the question, could a positive divergence reach the 3 min chart, the answer thus far is no as it moves deeper in to a leading negative divergence.

 GLD's 5 min chart still looks to be in position for a downside reversal.

And now the 15 min chart is starting to lead negative today.