Can $GLD get going again?

Can $GLD get going again?


March 2023


Alex Cole

$GLD has jumped sharply over the past few days.

As a favorite flight to safety play, $GLD has turned around with the turmoil surrounding the banks this past week. GoNoGo Trend is painting amber "Go Fish" bars, as price jumps to the top of the gap from early February. With GoNoGo Oscillator breaking above zero on heavy volume, it will be worth watching to see if price can continue higher.  There could be resistance from the top of the gap but if price can overcome that we may see a return to "Go" colors.