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nmike
Sep 4, 2012 2:39 PM

GLD weekly TARGET Long

SPDR Gold TrustArca

Description

FIBONACCI EXTENSION TARGET around $173 which happens to coincide with resistance.
Comments
nmike
GLD WEEKLY UPDATE, next target $155.18
nmike
>>>173.20, KEY RESISTANCE
nmike
>>>>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..


onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Doji.html
nmike
>>>>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
nmike
... BULLISH candle pattern at FIB.level
nmike
...if we can clear the 173.2 FIB.level the next target is184.33
picchiant
Followed.
picchiant
Followed.
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