timwest

RE-Publishing GLD Short Idea

BATS:GLD   SPDR GOLD SHARES
425 1 1
I felt it was worthwhile to re-publish this chart (untouched) to outline how using tight stops can hurt you over time.

Notice the gold             market reached the generalized price in a similar, impulsive decline after another set-up where it was failing to rally despite a preponderance of bullish news. Recall back in September when QE3 out of the US and Europe failed to ignite a rally and led to a sharp selloff back then too.

I view this chart as a sign of a bottom to form, but I will wait for a pattern to set-up first. Keep a close eye.

Best regards,

Tim 2:01PM EST May 16, 2012
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out