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- 2013 - Gold and GLD Resistance and Support Levels ETF: GLD
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Gold and GLD Resistance & Support Levels for the price of gold and GLD. |
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April 23, 2013: Resistance and Support Levels for the price of gold and its ETF GLD.
Two weeks ago, Gold broke the dashed orange support line and crashed all the way down to my dashed green support line that I first drew in this August 25, 2011 post showing Gold at the top of the channel at $1,856. The monthly point and figure (P&F) chart pattern for a "Traditional, 3 box reversal chart" has a bearish price objective of $1,040, just below my lower dashed green support line. |
Monthly point and figure (P&F) pattern for a "Traditional, 3 box reversal chart:  .....snip...  Quotes and Charts for Gold & GLD (the ETF for Gold) DOW to Gold Ratio |
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