8/12 GLD has stalled as expected at 4430.
Post on 8/11 at 9:05.
Good job. GLD has crossed the recent high zone, so it is heading toward the next zone. 4330-4491 This area is expected to rise.
Chart as of 8/11
It is currently paused here, but once it crosses this zone, where will it stop?
If you know where it stops, you will understand the meaning of the N-shape drawn on the chart.
In particular, the starting point of the surge is where institutional investors are flowing money in.
Also, the points where it creates pullbacks or retracements are moves by algorithms aiming to resolve market imbalances.
By grasping these sequences, you can create meticulous trading plans.
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