GLD.NYSE Hourly Chart Outlook.

In the next lower time frame hourly chart of GLD.NYSE the SUPPLY LINE of the down trending channel is now demolished. OBV at the window below registering higher peaks and troughs. RSI at the bottom and third window above 60 level in bull territory. Bullish Moving Average crossover may also follow suit.

 Fact is that this behavioural change in price action, halts the corrective period for now, requiring further analysis as more data emerges.

Chart again is courtesy of StockCharts.com with thanks. I have been a very happy member of StockCharts.com for approx. 5 years now. Best place for  my daily TA intake with superb charting.

 

gldhourly26092017

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