GLD – Gold- 4/23-07, Stock to watch

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  • GLD – Gold- 4/23-07, Stock to watch

GLD is the Streettrack gold that follows the commidity gold very closely. The charts for the gold futures and GLD are very similar so everything we do here can apply for the gold futures too.
Below is the Esignal chart. There is enought momentum to get the price to the 1.27 Fib value (69.77). Once that value is reached, we need to analyze the chart to see if the next Fib value at 1.414 is possible. Since the 5,35 Osc looks like it is at its peak, it will only get to 1.27 but we will see.
gld_d_4_23_07.png
Set your alerts and let the charts then tell you what to do.
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