Gold ETF (GLD): Break Support! BEAR is HERE!!

Gold ETF (GLD) has broken a critical support at about $150 with huge selling volume. Wait for retracement to short GLD! 161.8% FR target is $133.60.

See previous post on how to short Gold.

If you are holding Gold as long term investment, suggest you re-look at your portfolio whether you want to take profit or cut loss.

Disclaimer: I am NOT a certified Financial Analyst. I am only a part time trader and trade base on my own analysis. This is NOT a Sell or Buy recommendation.

GLD Apr13-2013

Leave a Reply