MarketHunter
Short

Gold (GLD)

AMEX:GLD   SPDR GOLD TRUST
28 0 0
For a short term swing trade, buying DGLD             because it has closed below the lower red channel area with above average volume . Potential downside target is at 126.00 area. If things get really bad for Gold             , it can head down to 123.00 area in the next several weeks. Stop loss will be a close above the red channel line.

Keep in mind, we are going against the trend because gold             is still above the 100-MA.
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