7/22 GLD Yesterday's analysis results and future outlook
Good morning.
It's been a while since my last post.
I've been忙しく忙しく, investment navigation's priority lowered (lol).
Well, I have material, but I'm not sure what to post about.
I will share yesterday's GLD analysis and future prospects.
GLD, last Friday in the community, said that if it closes above 4020 on the 4-hour chart, it would rise.
As of Friday, only the wicks had broken through, there was no upward momentum.
In Monday morning's post, it said that today it would break through, so a bullish view; it is trending upward toward 4100.
Last night, I indicated a pullback point at 4040.
However, it pulled back at 4044 and rose.
Missed the pullback by a mere $4.
21:30 post
Result...
Well, for GLD, this level of difference is expected.
Next, it is likely to attack around 4100-4104.
Then,
4120-4136
4173-4196
I've allowed for a bit more range, and if it breaks through the zone around here on the 4-hour candle body, it is expected to attack.
Even reaching the 4173-4196 zone (roughly around 4200), it may be difficult to break through in one move.
If it breaks through in one move, some fundamental factor or similar is likely required.
There are many major indicators at the end of the month, so we'll see how it plays out around then.
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