goodguy

GLD: Gold correction under way?

AMEX:GLD   SPDR GOLD SHARES
41 0 2
Gold             got close to the previous target but has now fallen out of the channel. So I would not be surprised to see a correction to the 50% or 62% level. Since on the 2 hour RSI we are short term oversold I personally am not going to short at this time. Plus I get uncomfortable at times shorting against what I think is the major trend. Have a good week.
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