GLD made a rebound at the 38.2% Fibonacci level.
It gapped down, and made a Bullish Belt Hold Line candlestick pattern.
Stochastic oscillator %D is at oversold level.
Cut loss if price falls below $148.30, target to take profit at $174.00 (100% Fibonacci).
Outcome:
23 Mar: Opened LONG at $160.70
28 Mar: Closedd at $162.40
Reason for closing: Retreat from $164.20 (61.8% Fibonacci level) seen.
Profit $1.70, 1.1%
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