We discussed the outlook for GLD a day or two ago and it was more or less, "pullback time", either to the recent trend which would be around $145 on GLD or to the longer average at $140 or so.
GLD shorts, this may be your tactical entry.
Thursday, June 2, 2011
GLD A Safe-haven...
It doesn't look like it.
We discussed the outlook for GLD a day or two ago and it was more or less, "pullback time", either to the recent trend which would be around $145 on GLD or to the longer average at $140 or so.
Here's the mid-term trendline around $145 or so. GLD's failure to make a higher high was the first hint.
On a 10 min chart, here;s today's bounce...
3C is showing the first signs of distribution on this move, volume also picked up on the sell side.
GLD shorts, this may be your tactical entry.
We discussed the outlook for GLD a day or two ago and it was more or less, "pullback time", either to the recent trend which would be around $145 on GLD or to the longer average at $140 or so.
GLD shorts, this may be your tactical entry.
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