Gold is testing support of a falling trend line from above.
Here is a larger chart showing the active trendlines.
Disclosure: I have a small, personal position in GLD () for an attempt to profit from a counter trend rally. I have a mental stop loss and will not post what it is or post when I take it... I have not added this GLD trade to my newsletter explore portfolio as I am still experimenting with this idea. Also, I have stocks I like with what I believe is far more upside in my explore portfolio Also, I have larger personal positions in those "explore" stocks.