$128 Could Be a Major Fulcrum for GLD

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The other day I argued that GLD was on the verge on an important breakout.

Following Wednesday's upthrust over its 50 day moving average, yesterday looked like a textbook TNT signal... a Pause Day following an explosive bar, with explosive continuation the next session.

Gold is up $20 this morning.

We're getting some large range bars.

Range precedes price.

A Friday weekly close over the 128 breakout point in $GLD is a bullish event.

Editor's Note: After this notice was issued to Daily Market Report members, Jeff Cooper issued long trade ideas in GLD and GLD calls.

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