KirkLindstrom.com
- Charts
- 2011
- Gold/GLD: Resistance and support levels for
the price of gold |
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Gold Price Resistance
& Support Resistance and support levels for the price of gold |
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More special charts for 2011 Return to KirkLindstrom.com home page and Charts page |
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November 26, 2011. This
graph shows the price of gold (more gold
charts and current
quote) from January 1, 2000 through November 25,
2011. The dashed green lines show major support
levels. The dashed red line shows the major
resistance level line that has been tested three times
in the past decade. I also show GLD, the
exchange traded fund for gold. Check-out my August 25 Graph that some places didn't want to publish so I posted it on my own web site. The second chart below shows Gold recently bounced off its 200 day moving average and is now using the dashed green line I drew back in August for support. Warning: A failure here of that support would complete a massive head and shoulders top that would project huge losses with a MINIMUM down to near my middle dashed green support line. Loads of risk in gold now so watch that support line. Current quotes and charts for: Gold - GLD |
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More about: Sentiment Indicators |
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Note 1: chart courtesy of http://stockcharts.com |
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Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |