From TradingView · · 40s
GLD Closes Below October Pivot
GLD drops four days under October pivot as monthly target looms.
In brief
GLD drops four days under October pivot as monthly target looms. GLD closed below its October pivot for four consecutive days, with the next target at 358.55. Originally reported by TradingView.
GLD closes below October pivot
GLD closed Thursday at 369.02, its fourth daily close under the October pivot at 381.91.
Monthly target next
The next level below is the monthly target at 358.55, with a daily close above 381.91 needed to reverse the trend.
Trend analysis
Gold has been trading with tech this month rather than against it, according to the analyst.
The main idea
GLD closed below its October pivot for four consecutive days, with the next target at 358.55.
