In previous Financial War Room posts a potential decline in Gold and GLD was spotlighted starting on April 5th. Here is an updated chart showing progress of the decline to date.

The original breakdown below 88 (sell signal 1) has been followed by a break of the 45 degree (blue) trend line (sell signal 2). A print of trading at 84 will constitute sell signal 3. The Buy me box shows the approximate range I expect GLD and Gold to begin to look attractive for accumulation again. This is not a slam dunk though. I will be looking at several other tools if we get to this buy range such as Commitment of Trader activity. Stay Tuned For More.
At the appropriate juncture the FF Market Decision Model will flash a Green Light for GLD and Gold.
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