For powerful echovector technical analysis perspectives on the gold metals market, and on current echovector dynamics in effect within given time-frame references in these markets, see GoldPivots
"/GC GOLD FUTURES ECHOVECTOR ANALYSIS CHART UPDATES: RIGHT ON TARGET"
"GLD ETF ECHOVECTOR ANALYSIS CHART UPDATE WITH KEY TARGET ECHOVECTOR PIVOT POINT PROJECTIONS AND ECHOVECTOR PIVOT POINT ECHOBACKDATES HIGHLIGHTED"
"GLD ETF GOLD ECHOVECTOR ANALYSIS CHARTS UPDATE BY GOLDPIVOTS WITH WEEKLY KEY ACTIVE WEEKLY ECHOVECTORS,ECHOBACKTIMEPOINTS, COORDINATE FORECAST ECHOVECTORS, SUPPORT AND RESISTENCE ECHOVECTORS, AND ECHOVECTOR PIVOT POINT PROJECTIONS ILLUSTRATED AND HIGHLIGHTED"
Perhaps more surprising to some than others, much of what's currently happening in the gold metals market regarding 'unfolding price action' has already been "baked into the cake."
With this in mind, I would presently be careful about confidently working long bias positions much past September of this year. More needs to be shown before going forward beyond then.
And I would keep my stops strong and tight regarding any long biased plays opened and worked since the GLD ETF $114 price equivalency basis (as suggested at the time). And I would definitely stay in active management of my current open positions, aware that the current reversal-to-long bias could fail.