There is a magic indicator for GLD -- 150 day MA. As you can see in the chart, GLD has been supported by this MA since April 2009. Everytime, it corrected down towards this line, it bounced back. Gold is obviously in an uptrend. August through Octobor is a strong price period for gold. If you enter long on or about Aug 25th and hold until Sep 30th, in the past 34 years this trade has worked 20 times for a success rate of 58.8%. The last eight years have provided an amazing cumulative profit of $20,160 per futures contract.
