$GLD Market Update – Bearish Engulfing Follow-Up
Yesterday, AMEX:GLD closed with a Bearish Engulfing pattern. However, rather than offering a sell-on-strength opportunity, it opened sharply lower today—a move generally favorable for risk assets.
🔍 Key Technical Levels:
First Horizontal Support: ~$294.40 (Stop)
Additional Support Zones:
🔹 $2
GShort
