Thursday, December 17, 2009

Gold - Closes Below Its 50 Day Moving Average



Today gold (GLD) was down 3.8% closing below its 50 day moving average for the first time since last summer. Notice on the down days how volume has increased substantially. The next support level that I see on the chart is 104 to 105.

4 comments:

Anonymous said...

What would it take for you to go long on GLD or are you currently long with a stop ?

Thanks for any comments

I am currently long ( recently bought this last dip ) ,looking to get out around 1145 1160 , then going back in for the real pullback .

Kevin said...

right here I don't have any opinion on gold.

Anonymous said...

What do you think of Shanghai index, Kevin? Thanks!

Anonymous said...

I want to quote your post in my blog. It can?
And you et an account on Twitter?

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