"***Gold*** The SPDR Gold ETF (GLD) remains in a clear uptrend and is currently testing the upper boundary of its support zone. The sharp pullback over the last four days alleviated overbought conditions as RSI(2) dipped below 10 for the first time since early January. This is not a buy signal, but rather an alert to be on guard for a short-term reversal on the 30-minute chart. After a surge from 87.5 to 98.5 (9-20 Feb), GLD retraced 50-62% with a falling flag. The ETF got a small bounce off the 62% retracement mark yesterday and this is the first place to anticipate a reversal. Anticipation is tricky and this is a short-term trade that will require a close watch. A move above 93.5 would break the flag trendline and act as a short-term bullish signal. "
http://www.traders-talk.com/guruchar...d0227_gldd.gif http://www.traders-talk.com/guruchar...d0227_gldi.gif
http://www.traders-talk.com/mb2/inde...owtopic=102311
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