The price of the GLD ETF today is running congruent in its weekly echovector, with its annual echovector price relation, following that of one year ago.
This is a technically significant price phenomena short-term forward.
Especially for market Technicians who know how to interpret this congruency and apply its portends to positioning strategy adjustments.
(28" Monitor Dispay Optimum: Click on the following charts to enlarge, then click on charts again to open new tab, then click on charts in new tab to further zoom)
GLD ETF 3 Year Daily OHLC
GLD 3 Month Daily OHLC
SLV ETF 9 Month Daily OHLC