T3 Live

Will Gold Finally Stick a Landing?


Over the last week, morning rallies in GLD have been rejected followed by closes at/near session lows.

Likewise, GDXJ set a new recovery high yesterday but tailed off into the bell, snapping an hourly trendline in the process.

GDXJ just avoided leaving a Key Reversal Day on Thursday.

However, GLD and GDXJ are right back up this morning so it will be interesting to see if they stick.