"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 hour Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 2 hours Elon Musk’s $2.6 Billion Tesla Challenge
  • 3 hours Tech Giants Could Be First Victims Of U.S. Trade War
  • 4 hours Dow Gains Despite Fed’s Rate Hike
  • 5 hours The Biggest Threat To Chinese Oil Futures
  • 7 hours Spending Bill Could Cause U.S. Debt To Soar To 99% Of GDP
  • 8 hours Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 10 hours China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 1 day The Secretive Wall Street Firm Betting On Bitcoin
  • 1 day ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 1 day Google Invests $300 Million To Combat Fake News
  • 1 day Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 1 day Tesla Tumbles As Investors Lose Patience
  • 1 day Are Alt-Coins On The Verge Of A Break Out?
  • 1 day What Should Gold Investors Expect From The New Fed Chair?
  • 1 day Who Will Pay For Trump's $60 Billion China Tariffs?
  • 2 days Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
Is Barrick Gold Close To Finding A Bottom?

Is Barrick Gold Close To Finding A Bottom?

Barrick gold has been a…

Trump's Trade War Nears Boiling Point

Trump's Trade War Nears Boiling Point

Trump’s trade war appears to…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

More Info

Gold's Critical Junction Has Arrived

First, if you are a Standard or Advanced subscriber and have not logged in yet, please login immediately.

Today Update for Free Subscribers is below:

Today, we will look at what is happening to Gold on the GLD (ETF). Today's 1 year chart shows the three basic up moves that GLD has had during the past year.

GLD is once again coming to a critical area where it needs to decide if it will break out and run to new highs, or if it will stay within its expanding wedge trading range and drop 10+ points.

If you look at today's line chart, you can see that GLD is getting squeezed in between a resistance line and a rising support line. The resistance line is of special interest because it is making a triple top. As it makes this triple top, the zero based RSI is showing that each resistance line test has been occurring with less and less strength.

What happens next is pretty straight forward ... if the RSI breaks above the resistance line, then GLD will blast through its triple top resistance. If the GLD falls below its support line (see the red circle on the chart), then GLD will be facing the prospect of falling approximately 8%.

Free Gold


(Not a subscriber yet? Give some thought to joining us and see the dozens of chart updates we post daily. Charts that include inflowing Liquidity levels, Institutional Investor Buying and Selling levels, Institutional Accumulation/Distribution and data not found anywhere else.)


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter