Gold ETF has a chance to move south here...
92.06 is the ST bull/bear line. Trade is bearish below that number with a stop and reverse on the other side.
Best case scenario in this timeframe is target to cover at 82.30 area. First partials target = 88.
LT = 71.12
IT = 82.24
ST = 92.06
VST = 92.33
GLD
Started by
swinger
, Mar 28 2008 08:49 AM
1 reply to this topic
#2
swinger
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- Traders-Talk User
- 545 posts
Member
Posted 28 March 2008 - 10:19 AM
Gold ETF has a chance to move south here...
92.06 is the ST bull/bear line. Trade is bearish below that number with a stop and reverse on the other side.
Best case scenario in this timeframe is target to cover at 82.30 area. First partials target = 88.
LT = 71.12
IT = 82.24
ST = 92.06
VST = 92.33
Stopped earlier @ 92.07 on buy spike for an okay profit (from 93.81 fib retracement entry yesterday). Looks like they are going to park it here at the line for a little bit--so I'll just watch and see how 92.06 fares.
