Targets For Gold

Some targets for gold (using GLD as a proxy) over the next few weeks:

While GLD has moved up considerably in the last 8 trading sessions, it appears ready for a pullback based on intraday charts.

My initial pullback estimate is 128, as shown by the arrow, with a resumption of the trend to 135 based on previous moves in July and August.

Whether this occurs or not is a matter of debate.  The market is the final arbiter of price.