Gold ETF (GLD): Double Bottoms Rebound?

Original post by Marubozu from My Stocks Investing Journey

GLD is in the process of forming a Double Bottoms after rebounding from the support at about $109-$110 with an Inverted Hammer (with bullish confirmation). GLD is currently facing the previous neckline resistance ($115) of Inverted Head and Shoulders. There are a few more resistances ahead ($117 & $122) to clear to confirm the long term down trend reversal.

GLD Mar 20-2015

 

See previous analysis of SPDR Gold Shares (GLD) here.