GLD – Gold- 4/25-07, Update

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Yesterday, GLD moved down and closed very close to the .886 Fib value. I have also drawn some trend lines to show the bullish trend that the equity has been following over the last couple of weeks.
The Chart is not telling us a trade as of yet. We don’t know what will happen. The sentiment is still bullish but if you aren’t in the trade, this isn’t a good time to get in. The Tenkan Sen is flat and Kijun Sen if bullish. Hold and Analyze until a trade comes to you.
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