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Follow Up on Gold (GLD) Bounce – What Next?

December 21, 2012 2:56 pm

Hopefully you watched the TAS morning video today as it would have provided a taqctical entry point for Gold (Commodity GC) that was spot on.

Where does it go from here?

Looking at the charts, there is a fast zone above 1658, there is more room towards the 1,670 level. However, there have also been some heavy sellers of late, so tight stops are a must. Below is the 60 ans 240 minute charts with key areas detailed.

 

(Click the above for more information)

 

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Written by Andrew Horowitz · Category(s) Markets    |  Tags:   

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