By calculating some typical Fibs on three different ranges, as shown on the charts above, here are some likely targets for GLD to bottom out and reverse. These do not include the 200sma (white curved line) which is also a good candidate, but it changes value everyday.
The top chart is zoomed out so you can see the green range. The bottom chart is zoomed in so you can see the other ranges.
There are other targets below this set, but this seems like a probable range. Of course, anything can happen.
Possible targets in descending order:
170.95 (yellow 1.272%)
168.15 (white 1.272%)
168.02 (yellow 100%)
167.53 (yellow 1.618%)
162.85 (white 100%)
160.99 (white 1.618%)
158.46 (green 38.2%)
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