2waytrading
Long

GOLD May Resume Recent Upswing (GLD)

AMEX:GLD   SPDR GOLD SHARES
112 0 1
The daily as well as weekly chart signal a strong upside is imminent. As u see the daily chart there are 2 reliable bullish falling wedge both broke out upside with 5.68% gain and 1.82% respectively. Last week, the small falling wedge's breakout has been threatened but only confirmed to fill the gap which is a strong signal for a possible and sustained upside breakout next few months. Watch at and around to add more on July high. Take small long and add as the trend clears recent weakness. TP1= 129.50 TP2 133.60 area make ur             stop recent swing low at 123.23 area.
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