Picks for 8/19/21

Looks like a red day so far in the premarket. Laying low and mostly watching today.


GLD - Current price for GLDis near the POC Line (YTD) and the MACD is crossing over. The most recent daily candle tested the .23 fibonacci level and closed just under it.


Given the uncertainty with covid, the markets being at all time highs and inflation I cannot think of a reason why goldshould not rally from these levels.


Targeting $178.84 in the short term and a possible all time high later this year or early '22.

Also watching: WORX, SQQQ, SPXU

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