jamespwu

GLD is back above the channel

AMEX:GLD   SPDR GOLD TRUST
22 0 0
GLD             busted out today again, back above the long term channel. It did not bother to fill the gap first. Its still a little extended here, but if money comes in it will go up fast. The measured move on the upside will be the size of the channel (about 16 points) to about 130 132. If you go long, I would put a stop loss no lower than 114.
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