GLD 60 minute Aug 15th
By the time I get this post out, GLD should have gapped down at the open to around this support level that comes in around 125.40, a level defined by several recent price reactions as well as three gaps. I am viewing this as a opportunity to add some more exposure to GLD & the mining sector and as long as GLD remains above the 123ish support level, the intermediate-term outlook is intact IMO. Note, this chart was made in pre-market & does not yet show the opening prices although I have added the 125.40ish support level.