GLD

GLD has been one of the hottest asset coming in to beginning 2020. While it also get beaten down by covid in March, it see a very quick V reversal and fully recovery in April. However, when market is rebounding, fund has started moving out from GLD where it is now consolidating between 165 to 157. Today it is at the pivot point of breaking the downside, where it will need to find support 157 for the bull trend to continue.

If it is broken down, I would expect it may take more time to consolidate in around 150 level before the bullish action may come to play again.

Stay safe and healthy~