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Gold and GLD Resistance & Support Resistance & Support Levels for the price of gold and GLD. |
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December 19, 2013: Resistance and Support Levels for the price of gold and its ETF GLD.
The Daily point and figure (P&F) price target is $1120 which is the next horizontal support line on the first chart below and off the bottom of my second chart. I don't own gold and warned of a possible top way back on August 25, 2011with this post showing Gold at the top of the channel at $1,856. |
Daily point and figure (P&F) pattern for a "Traditional, 3 box reversal chart: ![]() Quotes and Charts for Gold & GLD (the ETF for Gold) DOW to Gold Ratio |
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note 1. Source: stockcharts.com |
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