Wednesday, January 02, 2008

Gold Makes Multi Year Highs



Above is a chart of the ETF for Gold (GLD). As you can see gold had a big move to the upside today. I've been bullish on gold based on the symmetrical triangle which I posted about on December 10th which is when I actually got long GLD. Gold has had a nice rally over the past few trading sessions... I'll post my upside targets in the days to come.

4 comments:

kk said...

You are the king, Kevin!

Sharp2Be said...

Kevin, excellent blog and analysis. I will add your blog to my blogroll at www.TradeForGain.com. Also wrote posts about Gold a few times, one of them here:
http://www.tradeforgain.com/market-analysis/looking-at-the-history-of-gold/

Adam said...

Any thoughts on the upside potential based on today's employment data?

Adam said...

A couple of questions on your earlier blgs on QQQQ and BP Index for SPX. With the market down today (1/4) the Q's are at 48.50 (the support in your earlier blog) and the BPI is around 42, but not oversold. How will you trade going forward using these current values i.e, get out of Q's and wait still to go long on SPX?

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