NFTRH; Key ETF Charts
A snapshot of current daily technicals…
Precious Metals
GLD dropped below and shot back above support. Key objective: Get above 120 and make a higher high to October.
Tag: etf charts
NFTRH; Key ETF Update
A snapshot of current technical status…
GLD made a bearish breakdown below the equiv. of gold 1180. To even think about repairing the technicals, GLD would have to get above 115 at a minimum (gold above 1180).
NFTRH; Key ETF Charts
A snapshot of current technicals…
GLD climbed above the June low but is still considered at resistance below the SMA 50. Also note GLD remains in a down trend (series of lower highs and lower lows) which would not be broken until a rise above the July high around 129.
NFTRH; Key ETF Charts
A snapshot of key ETF’s…
GLD has bounced a good way toward the key resistance noted previously, which is the June low. This level is a very key decision point, because gold remains bearish below that level.
NFTRH Update, Key ETF Daily Charts (Incl. Detailed Precious Metals Discussion)
GLD hit support (neckline) yesterday and made a lower low to October’s low. A loss of this neckline would measure to 105 (+/-). GLD is on a bear signal.
Continue reading “NFTRH Update, Key ETF Daily Charts (Incl. Detailed Precious Metals Discussion)”
NFTRH Update, Key ETF Charts
Putting aside the pre-market drop in precious metals, we’ll review the charts as they stood at yesterday’s close.
GLD is neutral, with a bull signal to be determined by MACD going green and the price remaining at or above the 50 day MA’s.
NFTRH Update, Key ETF Charts
GLD is MACD trigger up, on a trend line breakout and at the SMA 50. Balance of data points is a neutral signal. Bull signal would come with a couple closes above the SMA 50 and MACD rising to 0+.