The SPDR Gold Trust ETF (GLD) Languishes Below a Key Trendline
Click to Expand
This post is complimentary to Bernie’s previous post on GLD (linked here). Together they provide a pretty complete road map of levels to watch for on this ETF.
Commercial traders’ have the lowest net short position since 2008. Rallies have had a tendency to occur in similiar conditions in the past.
From a price level perspective, the $160 level was an area of congestion from early March to mid May. This could be a short-term resistance as well.
GLD is also caught between its 10- and 20-month moving averages. Looks like a big move is coming soon and which breaks first could be a clue of the eventual direction.
Why OIH Is Finding Key Support at $52
Global X Social Media ETF (SOCL) Tests Key Chart Levels
Why LinkedIn's Trendline Breach Could Be a Buy Signal
Has SPDR Gold Trust Found a Short-Term Floor?
Another Reason to Watch Dow 15,000
For Bonds, the Bottom Could Soon Fall Out
SPDR Gold Trust Rally Runs Into Resistance
Grading Stocks, Bonds, and Gold
Apple's One-Year Return Swings Into the Red
Is LinkedIn Poised for a Breakout?
Why $500 is the Apple Level to Watch Right Now
Fiscal-Cliff Whispers Spark SPX Fits and Starts
Time to Short Oil-Services Stocks?
After Two-Day Swoon, Where Will SPY Find Support?
Options Indicator Flashes Potential Buy Signal
Ways to Hedge on Apple (AAPL) Before Earnings
LinkedIn: The Uncommon Trendline We're Watching
Does Coal Have Farther to Fall?
A Post-Earnings Reality Check on General Electric
Is Bank of America Poised for Another Leg Lower?
How Long Can SPY, GLD, and TLT Stay In Sync?
The New VIX Resistance Level to Watch
Why 2,200 Matters for the EURO STOXX 50
Shorts Could Drive the Next Move in SLV
Two Takes on Research In Motion: Daily
Two Takes on Research In Motion: Intraday
SPDR Gold Trust Stares Down a Technical Sticking Point
A Hidden Resistance Level for JPMorgan Chase
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: firstname.lastname@example.org
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.