harsha.imperial

Smart Money Seems to be Buying GOLD. !!

AMEX:GLD   SPDR GOLD TRUST
38 0 2
All the Volume based Indicators are showing Bullish Divergence with Price, meaning accumulation by Smart Money.
Gold             Has been in a Consolidation for more than a year. Divergence during this phase is a strong signal of Smart Money Buying !
TO Confirm this setup GOLD             needs to breakout of the downward Sloping trend-line.
Then a New Bull Rally Can Start !
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