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...]