SPDR Gold Trust (GLD) What Next ? $120.45 ?

 The $51.3 billion gold fund saw record trading volume during Monday’s 9% plunge.

Investors have pulled over $10 billion from SPDR Gold Shares (NYSEArca: GLD) and more selling in bullion-backed ETFs could put additional pressure on the precious metal’s price, Wall Street analysts say.

After the dramatic sell-off in #GLD the question for both traders and investors is what to do now.

First off, SPDR Gold Shares (NYSEArca: GLD) and other bullion-backed ETFs need to find a a bottom and it appears that the low has not yet been reached

#SPDR Gold Trust (#GLD) Has printed the low 132.33 - While Resistance & Best short level for the Next wave Sell Off is capped @ 140 , however 146.50 if get would be an Ideal Sell - As the Trend is Strong Bearish - Taking sell positions 140 would not be a Risk - for downside Target 120.60 - #CallTheBottom ?