Name: Gold.GIF Views: 906 Size: 143.6 KB

The daily GLD chart seems to be responsive to anchored MIDAS curves better than any usual simple moving average. GLD has constructively bounced on the second MIDAS support line at least three times and has bested the MIDAS resistance line which may be acting as support now.

In the last ten trading days there have been a couple of pocket pivots (green diamonds on volume pane). The EV pane however shows a decling Large EV trend. I am wondering if Pascal can comment on the effectiveness of LEV analysis on the GLD instrument.