7-13-12 GLD Chart Analysis

GLD Weekly Chart: GLD Daily Chart: Based on weekly and daily charts, GoldTrend.org does not long or short GOLD at this level. The GLD charts will soon tell us whether gold will go much higher or much lower from current level. We at GoldTrend.org use GLD as one vehicle to trade gold … [Read more...]

7-6-12 GLD Chart Analysis

GLD has been traded below its 35-weekly EMA since March 16, 2012, and below 50-weekly EMA since May 11, 2012. GLD is still trending down and is approaching to the next support level at around $153. The second support for GLD is $148.50. Based on weekly and daily charts, we do not buy and sell … [Read more...]