The GLD exchange traded fund has just broken out of a triangle. Triangles tend to be continuation patterns, which means (GLD: 73.45 0.00%) should continue moving on up. Read a previous post on the GLD triangle here: Reader Request: GLD.

View the current chart here: GLD Chart

Be aware that the RSI(2) is nearing overbought. Also, although this is a picture-perfect breakout, I am wary to trade on technical signals generated during low-volume holiday-shortened weeks. All that being said, I established a position today. My stop-loss is set at $77.77