The Gold ETF is clearly at a strong support level. A bounce higher here would be very bullish.The stock is sitting right on horizontal support, and the support of the 13-day SMA.
A move higher would be another buy signal.
Surprisingly, though, the Gold ETF fell today in line with the XAO. Usually these trade in an inverse (but loose) correlation.
Tomorrow should be interesting, both for the Gold ETF and the XAO.
Cheers
Red
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