Yesterday's Fed meeting had GLD at one point as low as 129 and SLV as low as 23.48 but both metals have since recovered. Will GLD and SLV accelerate to new highs? The trendlines and MACD have not been broken so I suspect the answer is yes.
Thursday, November 04, 2010
Gold.ax update
Gold.ax is bottoming! Gold.ax is currently trading at 131, this will be a triple bottom. I expect this to hold and a breakout out of the trading range.
Yesterday's Fed meeting had GLD at one point as low as 129 and SLV as low as 23.48 but both metals have since recovered. Will GLD and SLV accelerate to new highs? The trendlines and MACD have not been broken so I suspect the answer is yes.
Yesterday's Fed meeting had GLD at one point as low as 129 and SLV as low as 23.48 but both metals have since recovered. Will GLD and SLV accelerate to new highs? The trendlines and MACD have not been broken so I suspect the answer is yes.
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