GLD has now made a re-test of that rising channel that it recently broke down from and as such, would seem like a pretty decent R/R short here with the appropriate stops somewhat above. if GLD reverses off that channel sometime this week, i will update the daily chart with some near-term targets but for now, i am view this as a potential swing trade opportunity with an initial target of the rising channel show on my weekly chart below (first chart is a 2-day period chart). click here for prior notes and charts on GLD posted on wednesday. note: DZZ is the 2x short GLD etn.
