christopherbrecher
Short

GLD has support zones of 150,140 and 120.

AMEX:GLD   SPDR GOLD SHARES
175 4 1
GLD             , as I have mentioned for months, still looks to test 150, and below.
www.simplerstocks.com
CaliforniaTrader
3 years ago
I would only add that a reversal higher... and one that enables Gold to recapture 1650 would essentially heal the damage done... and save an ugly looking chart. An oversold bounce to 1625 means little. My concern -- a bullish concern -- is that people are beginning to talk once again of deflation. And those periods have typically been short-lived. Thus, I'd be inclined to look carefully at your near term support levels, not 120.
Reply
CaliforniaTrader
3 years ago
A person being interviewed on Bloomberg today (2/19) spoke of Soros liquidating his long gold position. I find that odd....and bullish. In the past when he's revealed his position (selling the dollar, for example) it was at a major turning point in favor of the dollar. I don't trust these big hitters one bit.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out