GLD Forecast 9/22/2015

Gold, as expressed through its ETF GLD, (NYSE:GLD) is wandering around within a range without any clear sponsorship. On a daily level, it’s a 50/50 proposition, but we believe that our longer term bullish bias is still dominant when your outlook is months to years. If gold cycles down into the accumulation zone highlighted in green, we believe that it is an attractive level to add to your gold hedge exposure.