It's still very early with GLD, but if things keep moving/migrating the way they are, we may very well have a quick/nice trade.
The 1 min chart's trend for reference.
1 min chart intraday starting to lead negative.
2 min chart was relative negative on the open, now starting to lead negative
3 min chart is starting to lead negative. I'd like to see this continue through the 5 min which is in line intraday so far.
As for gold futures.
The 1 min chart is still sloppy.
The 5 min chart shows a better trend, it's leading negative here.
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