649bruno
Long

Gold Bugs: Shakeout Or Fakeout, Part 3 Of 4

AMEX:GLD   SPDR GOLD TRUST
40 0 2
In "Gold Bugs Parts 1 & 2" I made the case for an inverse relationship between DXY             and GLD             . Near term, I look to GLD             to drift lower. I do think GLD             is going to continue its uptrend, but the entry point is likely to be Fibonacci .50 ($111.25) or Fibonacci .382 ($108.61). I look to the three indicators to guide me. Now, please move on to "Gold Bugs Part 4".
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