Gold Long-Term Channels Look Bullish
The Big Channels – Gold
by readtheticker.com [1]
The last decade, below. This is a screaming bullish chart. Gold bounced off the lower channel, yes this is short covering of very large short positions. but now we wait for momentum hedge fund traders to buy the dip (or test) of the lower channel line. And they will !!
GLD Long Term Chart
[2]
Long term. The big channels matter!
GLD Long Term Chart
[3]
Courtesy of TalkMarkets.com [4]