Gold Gann angles paint a nice picture. A pullback that so far has reacted to supporting 1×1 Blue Gann Angles.
In short, we have a strong price reaction to GLD $100. Short covering or new investment, only future price action will confirm this. We shall have to watch the pullback nature of gold during the next few weeks. If GLD can get over $135 then this should secure the beginning of the awakening of a new bull run to much higher prices. The 4 year gold pullback has been nothing more than an attraction to the supporting 1×1 Gann Angles. Knock on wood! Watching and waiting.
