Based on my expectation for a meaningful correction soon, I am revising the 2nd price target on the GLD Long Swing Trade to current levels (119.61) and closing the swing trade out here while leaving the Long-Term Trade active for now with T3 still at 123.50. This provides a unadjusted gain of 4.1% and a 4.9% profit when accounting for the 20% over-weighted beta-adjusted position size. Original & updated daily charts below:

As the intermediate to longer-term outlook for gold remains bullish at this time, the Long-term Trade will remain active while the Swing Trade will be closed at this time. GLD may be added back as a new swing trade on a pullback to either the 117.25ish or the 114.75ish support levels, if the charts confirm an entry at the time.

0