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$GLD may have a little rally but lower prices ahead 06-05-2014

SPDR Gold Trust (AMEX:GLD)  
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AMEX:GLD   SPDR Gold Trust
Gold Technical Analysis Stochastic Oscillator
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gold technicalanalysis stochastic
Gold rallied nicely on today's ECB news but lower prices are still ahead. As the stochastic approaches and moves oversold I expect sideways consolidation ahead followed by another selloff. There is no bottom for gold here and a better entry short will come soon.

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