goodguy

Follow up GLD: Still long term bullish but short correction?

AMEX:GLD   SPDR GOLD TRUST
171 1 3
About a month a go I suggested GLD             was about to rise and it has. I still think the longer term bottom is likely in but would not be surprised to see some correction here or at the down trend line to retest the recent low. RSI is potentially negative. Price is near the downtrend line. If this happens should provide a golden opportunity. Hope this proves helpful. Goodguy.
snapshot


2:25 EST. Well after I posted this morning it has popped up to the down trend line. Moment of truth for this idea. We'll see what happens.
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