paulwoll

$GLD broke support where to look for bounces. UPDATE Fixed Chart

AMEX:GLD   SPDR GOLD TRUST
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Gold broke long term support.. Here is a 8 year view. Long term I am very bullish on gold . But time frames.. Anyway. Key aeas to look for a bounce or to short below are shown on chart. Watch those lines. I expect the bottom one to bounce strongest if ever gets there.

Bearish all around.. but can bounce here. Even with expanding volume . But note this was NOT DISTRIBUTION volume . See all previous large red candles. Monday will be important. for Gold bugs to defend their yellow metal.

Comments

"very bullish on gold" "not distribution volume" - bubble has popped, get over it.
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