GLD, daily
I've added a new strong downtrend to the daily Gold chart. From a MACD cycle perspective, Gold is pretty low in its cycle, and could possibly turn upward, but so far there is no sign of it.
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Thursday, 10 May 2012
Another failed rally for Gold
Gold closed up today, but lower than the opening gap, and thus we saw a black doom/fail candle. The primary trend remaind down, both on the monthly and weekly cycles. Target later this year remains $1400 at least, possibly $1200.
GLD, daily
I've added a new strong downtrend to the daily Gold chart. From a MACD cycle perspective, Gold is pretty low in its cycle, and could possibly turn upward, but so far there is no sign of it.
--
GLD, daily
I've added a new strong downtrend to the daily Gold chart. From a MACD cycle perspective, Gold is pretty low in its cycle, and could possibly turn upward, but so far there is no sign of it.
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