When last we peered in on GLD it was February 2016 and the shiny stuff looked to be ending its long slide at support. That level (around $100) continues to hold even now (shown below).
The charts tell the story.
The clean quarterly chart shows price may have just completed a nice pullback.
TAOST Magnet Zone verifies the pullback and supports the idea that price has the potential to ascend anew. A drop below the box from $96 to $100.50 tells you when to turn your buy button off for the time being.
$113.50 to $115.50 is an intermediate support level here on the monthly chart.
Near term support is only $3 away at $118… but from the looks of it, that level will be violated in short order.
The daily chart shows the same $118 level as support.
Price will lead you in the right direction… You need only follow.