GLD February 17, 2014
February 17, 2014

GLD Price is trending to the upside with a Fibonacci target of $130.70 Notice the wide divergence on DMI directionals meaning price is near a correction or a pause before continue to new highs, I'll be watching if price can breakout the top of the downtrend channel (yellow line) if it does them $130.70 is the resistance.


November 2, 2013

GLD Price trapped inside an ascending triangle pattern (double bottom) however I dont see volume and ADX is at 15 with -ID as the leader meaning bears in control but weak, if there is a breakout watch Fibonacci resistance $131.96 and if price breakdown see you at $106


October 14, 2013

Price is totally bearish at this levels and all my indicators are bearish and strong, price Breakdown Fibonacci $127.81 and is heading to $115.64 however at this oversold levels it can pay big to have GLD on our radar for a long position, if price finished above DEMA 21 with a "v" shape on minus directional with can enter long with a $137 target


September 12, 2013

Price is right at 50SMA and Fibonacci support $127, Indicators are bearish and strong, if price doesnt hold here $114 is the next support.


July 8, 2013

The media is trying to push price back up watch $120 to get long them first $122 and them $123.80, keep in mind that daily chart price still bearish so be fast on taking profits if We get a pop.

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