From Our Weekly Chart Review: GLD Struggles

Each week in our chart review in Superstock Investor we look at nine
charts of the various asset classes. Equities remain in good shape.
Bonds are problematic as is the price of gold via the SPDR Gold Shares
ETF (GLD).
![[Chart]](/wsr/images/articles/2018-06-14-07-10-59/content_9.gif)
These charts look at the slope of the 50 day moving average. The slope
of GLD is below zero so it remains red. It appears a test of $120 is in
the cards.
We use these charts to help us with our trading in Gold & Energy Options Trader. Currently, the struggle of GLD is preventing us from establishing a long position.
We use these charts to help us with our trading in Gold & Energy Options Trader. Currently, the struggle of GLD is preventing us from establishing a long position.