rlim
Short

Long term bear, Short term range between 104 and 105.7

AMEX:GLD   SPDR GOLD TRUST
GLD
8 0 0
gld
Saw a strong bullish recovery on the 26th with a close above previous 2 days highs and close to 7/21 close. However failed to follow through on the next day.

We then see a couple of tight closes at 105 area with resistance at 105.70.

On 30th and 31st, we see the support and resistance being pierced but no follow though.

Entered a short position because of the weak close on Friday (31st) after fauked upthrust above 105.70
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