This post was just published on ZYX ShortChange Alert
Now there is $3.82 profit in GLD in one day. Gold futures are at support at $1578.5. Light buying is coming here.
Most investors may consider booking profits on GLD right here at $153.18.
Aggressive investors may consider holding but putting in a tight stop to protect profits.
Probability of gold breaking the support here is high, however gold can also experience a short squeeze as the pit trading in Chicago closes at 1:30 PM.