Last Friday’s free update was about Gold and how it was getting into a converging resistance/support line squeeze that was on the verge of breaking out. As we had mentioned last week, the resistance line was of special interest because it was a “triple top resistance” line. That means, that gold had reached this particular [...]
Gold is facing a Critical Test now …
April 1, 2011 By
Gold is facing a Critical Test now … Today, we will once again look at what is happening to Gold on the GLD (ETF). Today’s 1 year chart shows the three basic up moves that GLD has had during the past year. GLD is once again coming to a critical area where it needs to [...]
Gold’s critical junction has arrived …
March 25, 2011 By
Today, we will look at what is happening to Gold on the GLD (ETF). Today’s 1 year chart shows the three basic up moves that GLD has had during the past year. GLD is once again coming to a critical area where it needs to decide if it will break out and run to new [...]
Gold’s correction will end sooner rather than later.
January 26, 2011 By
Wednesday, January 26th., 2011 Gold’s correction will end sooner rather than later. Last Wednesday, January 19th, we posted a Gold update saying that while gold was testing a critical support line, it had a negative, downside bias. So, with its negative bias, it failed to hold its support the next day and then four trading [...]
An important test level for Gold …
January 19, 2011 By
An important test level for Gold … You know that I don’t cover Gold, but many of our readers liked the last Gold update … so, I will post another one today. Bottom line: The chart below explains what is going on. If you look at our zero based RSI reading, it is now below a [...]
