GLD - 2yr weekly

The 2yr weekly shows the battle GLD is having over the $90 price point. And a review of the Pivots posted earlier explains why. Take a look at all the $90 price points on the daily, weekly, and monthly pivots. I see getting long here on any pull back below $90 with a tight stop just below the bottom of the channel at say $89 and a loose stop just below the monthly pivot of $87.86. Short-term target of $94.50 - Long-term $99.89.