Gold ETF (GLD): Chart Analysis

This is a 1 yr (weekly) chart of Gold ETF (GLD). As you can see, GLD has cleared its downtrend (Red line) and subsequently found support at the rising trendline (Blue line) which also coincides with the 50 SMA. The break above the downtrendline also appears to be a break above an inverted head and shoulder pattern.

The volume seems to indicate that the price will move higher in the next few weeks. A good entry point will be in the range of $65-$66. Good Luck.