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Gold Forecast: GLD

|Includes:SPDR Gold Trust ETF (GLD)

This is probably how Casey Research figured its gold targets:

(click to enlarge)GLD-WeeklyClick to enlarge

Chart by TeleChart

There are two wedges shown. Probability favors exiting out of the wedge the same direction upon which the wedge was entered.......Down.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: GLD