nmike
Long

GLD weekly TARGET

BATS:GLD   SPDR GOLD SHARES
410 8 3
FIBONACCI EXTENSION TARGET around $173 which happens to coincide with resistance.
...if we can clear the 173.2 FIB.level the next target is184.33
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... BULLISH candle pattern at FIB.level
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>>>>ALWAYS take some or all of your profits at major key SUPPORT/RESISTANCE and or FIBONACCI NUMBERS.This chart of GLD is a classic example
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>>>>GLD IS BELOW THE 10MA,it is likely GLD will test the FIB.level @$162...NOTE:beware of DOJI pattern at KEY resistance / support and FIB levels..


http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Doji.html
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>>>173.20, KEY RESISTANCE
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GLD WEEKLY UPDATE, next target $155.18
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