Monday, December 21, 2009

GLD (support)

GLD 13 minute

Allan's trading notes

Major support is shown on the above 13 minute chart, between 106.60 - 106.80.  Low today so far is 106.82.   I would interpret any move breaking below 106.50 as the beginning, not the end, of a significant decline in GLD.

1 comment:

Anonymous said...

Allan - would this indicate a decline in other gold related stocks such as GFRE and TGB? Time to sell?