Category Archives: GLD

Gold – 28 Jun

Gold closed down again and in doing so closed below the Bollinger band. The next support level corresponds to the recent swing low at 1486. The Fibonacci 38.2% level should provide strong natural support at 1486. RSI is working its … Continue reading

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Gold – 23 Jun

Gold gapped down on the day and closed right at support from the 45 day moving average. You cannot tell from the the line chart that there was a gap, but I the next chart of GLD shows it clear … Continue reading

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FOFOA: From the Treasure Chest

This is an important article from FOFOA and it covers something I have been working through the last few days, amongst other things. The article is a posting of some of the over 50,000 emails FOFOA has on his hard … Continue reading

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Gold – 21 Jun (re-visited)

Breakout from the symmetric triangle? We’ll see tomorrow me thinks. 1563 awaits a re-test. For the GLD traders, price is approaching resistance. I am somewhat concerned that there does not appear to be a lot of punch in this chart … Continue reading

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Gold – 16 Jun

Gold closed slightly down from resistance at 1532. Support is at 1515 where we have swing low, the 45 day MA and the Bollinger band. The short term downtrend continues with a confirmed lower high. The symmetrical triangle is apparent … Continue reading

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GLD – 15 Jun

Disclaimor: GLD is exposed to unallocated gold and is not suitable as an investment. These charts are for traders who understand what GLD is and know how to manage the risk. For bullion investment PHYS is more suitable and possesses … Continue reading

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Gold Daily and Silver Weekly Charts

08 April 2011 Gold Daily and Silver Weekly Charts Intraday comments on the markets can be seen here. Gold and silver both broke out cleanly today and nailed the bullion bears’ hides to the shed. I have an open mind … Continue reading

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