I like GLD even better here.
The daily chart of GDL with a gap at the $153 area...FILLED
Here's some stronger support recently on a 30 min chart, note the stops hit as volume ticks up-this is why I NEVER put in stop orders or any kind until I'm ready to execute, I got burned once on vacation and never again since. Would you show me your cards if we were playing poker?
On a 5 min chart you can see that support level above was the one that was drawing attention.
3C (1min) looked pretty good as that area was hit.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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