MTBigsky
Long

Reversal in GLD

AMEX:GLD   SPDR GOLD SHARES
gld
130 0 1
gld
Note the potential false breakdown, Subsequent Hammer Reversal Candle, and Positive RSI Divergence.
Gold             could be putting in a solid bottom and is ripe for a snapback rally to a major MA, if not a more meaningful reversal.
From failed moves often come fast moves.
http://www.bigskyinvestments.com/blog/golden-gilded
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