Gold Bugs: Shakeout Or Fakeout, Part 3 Of 4

In "Gold Bugs Parts 1 & 2" I made the case for an inverse relationship between DXY and GLD. Near term, I look to GLD to drift lower. I do think GLD is going to continue its uptrend, but the entry point is likely to be Fibonacci .50 ($111.25) or Fibonacci .382 ($108.61). I look to the three indicators to guide me. Now, please move on to "Gold Bugs Part 4".