My near-term work is slowly, but surely, approaching conditions that will be indicative of the conclusion of a pullback in the SPDR Gold Shares (GLD) — presumably ahead of a new upleg.
Of course, my problem is that upon a sustained break of 160.00, my pattern work cannot rule out downside acceleration towards 158.00-157.60, which compels me to leave my intraday stop at 159.93.
