Gold ETFs Flashing Death Cross Signals

SPDR Gold Trust (GLD) and iShares Gold Trust (IAU) both just flashed death cross signals.

SPDR Gold Trust (GLD)

SPDR Gold Trust (GLD)
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Will the GLD bears try to break the lower trendline soon?

iShares Gold Trust (IAU)

iShares Gold Trust (IAU)
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IAU has the same pattern as GLD.

For Reference

The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.