GLD Update

Continuing from yesterday's GLD/gold update...

This morning, after Gold futures rallied in the overnight session, GLD is filling the gap from yesterday, here's the updated charts.

 The gap area...

 a 3 min positive divergence, most of the divergence was around the same time as much of the market yesterday at the 1:30-2 pm area.

 The 15 min chart among other reasons is why I intend to hold the GLL position for the time being unless/until something changes, I do view it as a shorter term trade, but will follow the signals.

 Here's the intraday 2 min so far which is in line with price action and below, the YG (Gold ) futures...

Overnight they showed very good confirmation on the 1 min chart on the move up, but now we are seeing the first negative divergence of the entire night. It's still early and a gap fill isn't unusual so I'll be keeping an eye on the short end of the charts like this and the 2 min eventually.