Market Timing Brief™ for the 5-17-2019 Close: “A Tentative Stock Market Bounce. But There’s Blood in the Alleyways. Gold Back to Wedging Down as Rates Test Recent Lows.”

gld-gold-etf-market-timing-chart-2019-05-17-close

Market timing gold. Gold back in downward wedge formation.

Slipped back into the downward wedge (yellow lines). Not what we wanted to see, though it still could be resolved to the upside.

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Market timing the gold ETF (GLD). Gold slipped back into its prior downward wedge.

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