Chart to Watch

We've asked our friend Jim Robinson of to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the ETF -  SPDR Gold Shares (GLD)


GLD looks to be breaking out to the upside from a triangle pattern.

If the breakout continues and MarketClub puts in a weekly green Trade Triangle that would be confirmation that the breakout is probably going to continue higher.

If the breakout does continue higher and MarketClub puts in a monthly green Trade Triangle that would be even more bullish confirmation.

The MACD is on a buy signal which is bullish.

GLD is starting to look bullish and is definitely a chart to watch !



Jim Robinson


2 thoughts on “Chart to Watch

  1. GLD or Gold is short term play . Gold has made it top and it is on reverse side. I can not tell how long it will take. I have observent for 1978 -1979 and current cycle . it seems it take 30 years to repeat.

Comments are closed.