Hi Sir Eagle , Thanks for the great Charts .
Trader Dan said this last night :
quote : ” the big gold ETF, GLD, is bleeding gold once more. It dropped more tonnage this week. That is not a good sign if one is inclined to be bullish of gold.”
The Matrix , thinks is closely following the Swiss Franc ( like Kimble I believe )
missed the move today …. now what ? more to come ?
Flandria, updated GLD chart…layers of resistance denoted. Good luck!
Thanks , Sir Eagle , lets see what happens after gap fill at GLD 114 .
Hi Sir Eagle , Thanks for the great Charts .
Trader Dan said this last night :
quote : ” the big gold ETF, GLD, is bleeding gold once more. It dropped more tonnage this week. That is not a good sign if one is inclined to be bullish of gold.”
The Matrix , thinks is closely following the Swiss Franc ( like Kimble I believe )
have a good weekend , !
did mean : Gold is following the Swiss Franc !
This was an “oversold” support line technical bounce. Not a change in trend.