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Apr 3, 2015 12:41 AM

Gold: There ll be better opportunities to buy, still bearish now Short

SPDR Gold TrustArca

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I Don't have a position in Gold now, but I will probably open one soon again. I would sell gold below the red line and I would be neutral above it. I would also sell when Gold touches the yellow line (tight stop loss above the last 2 lines); I would be a more aggressive seller if it reached the blue line. However once it is above the blue line, I would be bullish in Gold. I would also be a bottom fisher in GLD if it reaches around $100 (the bottom grey line)
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