mitchdevan

GLD Potential Double Bottom

AMEX:GLD   SPDR GOLD SHARES
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3/24/14 - Today SPDR Gold Shares             ( GLD             ) remained above its 50 and 200 day moving averages of $125.34 and $125.52 respectively, but just barely as shares traded as low as $126.03. GLD             did not confirm the potential double bottom that had formed and is showing signs of retesting 52 week lows of $114.46.

3/1/14Gold Shares ( GLD             ) Chart - The purple line is 9/6/2011, where the long term uptrend stopped, and long term downtrend began. Needs to rally above $137.20 to confirm reversal.
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