$VGZ Trading .72 On daily Stoch RSI high with recent #Gold spike, vol trend higher, MACD curled up, SQZMOM just turned green. #swingtrading Will be watching for follow-through on Gold at resistance area between 1300 and 1302 - 1300.92 critical area on algorithm model (Rosie the Gold Algorithm Chart Model) Buy / sell triggers on swing trading today's report due...
VGZ has broken a lower degree descending channel. I'm expecting to test the upper channel. Let's see how it develops.
VGZ needs to take out 2.03 to continue run towards 2.7. Must not break below 1.62. More downside risk below 1.35.