GLD is hitting its 10-month MA, which has provided very good support in the past and the weekly oscillator is starting a move higher, and volume has been declining markedly during this down move.
Perhaps we see one more dip, perhaps not, but I think the dip would be small and I think the probabilities favor a new wave up here very shortly (if it has not already begun).
Edited by alysomji, 02 May 2009 - 11:18 AM.
