GMTT / Chart of the Day / Gold / December 17, 2020
As explained previously Gold bottomed around 1764 and that is when we went initially long. Then in between we got stopped out and went long again at 1835. On the last chart we showed that Gold was very close to breaking out and gave a next upside target of 1883. This morning Gold reached our target and we now need to see if it can maintain its up-move. We need a close above 1901 to see a move above 2000. Raise the Suggested protective sell stop to 1868. For GLD the next upside target is still 177.40 and we raise the suggested sell stop to 171.90.
Source: mrtopstep.com