The SPDR Gold Trust (ETF) (NYSE:GLD) rallied higher this past week by 3.38 to 113.64. The daily chart is signaling a head and shoulders break out pattern that would signal a target just above the double top. However, the GLD has resistance at 113.00 and 115.00, therefore, pullbacks are possible. Last week we mentioned that as long as the GLD stays above the weekly 20 moving average it must be given an upside bias, and that still remains the case. It is also important to watch the U.S. Dollar Index chart as gold and the dollar will generally trade inverse to each other
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