Friday, February 12, 2010

Buy or sell gold? Where gold and the GLD ETF are: Conflicting signals indicate a trading range

GLD is the most popular ETF that tracks gold is GLD. Here is the weekly candle bar chart:


As with gold itself, there are conflicting buy and sell signals. The monthly and daily alerts are BUYs, but the weekly is a SELL:


This video by video released yesterday discusses these conflicting signals and what they mean (a trading range, and a neutral position). Watch video.

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