GLD - Does 124 Hold or Will We Test Longer Term Trendline?

My feeling is that GLD is consolidating its last move and will hold the 124 handle - the March low. If not, longer term trend line is around 122, however, I would think that the overall market would have to skyrocket for that scenario to play out. Looking to add to GLD on weakness in the 124 area which is holding its 200 day.