Trading Techniques   

GOLD - GLD ETF

STi  &  GOLD  are  One NiGHT STANDS

cannOt  lOve  thEm  anymOre

jUst  shOOt  shOOt   hErE

and   shOOt  shOOt  thErE

enjOy  thE  prOfits  and  plEasUrE

 

Sold out recently, and not intended to invest again not until Gold price stable out at very low ended price level!

yimingtay      ( Date: 24-Mar-2010 22:41) Posted: Yes I think so. The only thing is that the stock broke neckline support without significant volume increase so I would be aware of that.

 

Yes I think so. The only thing is that the stock broke neckline support without significant volume increase so I would be aware of that.

 

I think so.

pharoah88      ( Date: 24-Mar-2010 14:30) Posted: there  is  a  GAP  to  be  filled  at  S$100  level ?

 

there  is  a  GAP  to  be  filled  at  S$100  level ?

 

Tks for posting the chart.  

I always notice gap down at least 2 times for this stock which is, after next support 104, it goes down to next level of support.

 

GLD appears to have formed a head and shoulders reversal pattern that commenced in the beginning of February and panned out forming an ascending neckline that was marked on the 25th of Feb and the 12th of March. Neckline support was broken yesterday albeit without an expansion in volume.

The next level of support appears to be around the $104 level.