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Downside Target Met In SPDR Gold Trust (GLD)

Posted on: Tuesday, October 4th, 2016

The SPDR Gold Trust ETF (GLD, which tracks gold prices) met our $122.75 downside target this morning, initially discussed in the August 23rd Keys To This Week report (access requires subscription), to capture a $5.01, 4% decline in about 6 weeks.

Here is the chart from our August 23rd report.

GLD daily

GLD daily through August 23rd 2016

Here is the updated chart as of this morning.

GLD daily

GLD daily through the morning of October 4th 2016

 

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