Daily Archives: December 16, 2013

GLD is bouncing, reclaiming the ‘neckline’ to the bearish pattern (as noted, gold itself already did this).  Within the pattern a Triangle is drawn.  Big resistance is the 50 MA’s and the nose of this Triangle.  Success there makes it neutral.  Ultimately, GLD needs to make a higher high (above 130) from the October high and get MACD green to be a bull.

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