The GLD rally is very early on still so we have to keep an eye on important support and resistance lines. Friday's move gapped up above the downsloping blue line and the gap means with gusto so I don't expect it to fall below the blue line again. But the red horizontal proved to be resistance so now the chart needs to remove the look of a triangle by quickly breaking out the red horizontal and the top red rail. So as early as Monday I expect to see another gap up that takes both out in one fell swoop.
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