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- 2013 - Gold and GLD Bounce off Support ETF: GLD
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Gold and GLD Resistance & Support Levels for the price of gold and GLD. |
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home page Quotes and Charts for Gold & GLD (the ETF for Gold) |
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February 25, 2013: Last week as the price of gold fell, I posted "Gold and GLD Resistance and Support Levels" where I showed a dashed green resistance line. I wrote:
"Note how a bounce off the dashed red resistance-turned-support line in April 2009 in the $800s was very bullish. Four years later, Gold is making a similar test of resistance turned support."This chart shows GLD, the exchange traded fund for gold, again bounced nicely off support. My second and third charts below also show a closeup up this GLD chart on a closing basis. For more information and charts, see my Feb 20, 2013 Seeking Alpha article: |
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 For more information and charts, see my Feb 20, 2013 Seeking Alpha article "Is It Time To Buy Gold Via GLD?" |
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