GLD climbed above lateral resistance yesterday and moved above the trend line. It is on a bull signal by all data points. The pattern measures to 129 assuming the green line holds as support.
GLD is on a weak bull signal. It must get above the downtrend line or risk fading to neutral or bearish.
Long time readers know I tend to be a bottom feeder. Witness the AAPL thing recently and several others that have fallen out of bed to support levels.
As for longer term bottoms, they have not been worth buying until recently when the precious metals put one in that looks to have good potential. This one in Agriculture ETF DBA looks like it has potential as well with a break up by MACD and RSI after months of bullish divergence.
It needs to turn the 25+ area into support.