Donnerstag, 19. Juli 2012

GLD is trying to hold the price

The concern about Gold is very low and thats why we dont have stronger moves. GLD is trading on very low volume and thats boring.

Lets take another look at GLD. I distinguish two areas in the next 2 days. The red one is the open short term area which is to high for the general trend and the area other is in a simple downtrend.

I think we`ll get into the lower area.