Since my last update the Gold ETF (GLD) has broken from the Raff Regression Channel to the upside but is still continuing to battle against the resistance at 122. The volatility, meanwhile, collapsed to the level not seen from the last February (lower pane). It foreshadows a strong directional move. Though it is impossible to say in which direction this move will occur, the momentum (higher pane) and the upside volume (short horizon P&F chart below) favor the upside breakout.
If GLD clears the 122 resistance level, it will open a way to the next resistance at 131-132.
Disclaimer: I express only my personal opinion on the market and do not provide any trading or financial advice (see Disclaimer on my site).