Wednesday, March 4, 2009

GLD Pullback

Gold has pulled back quite a bit over the past 8 trading days, so I bid into the GLD yesterday at $89.00. It was lower again today, but recovered some of it's losses. I'm highlighting GLD because it is nearing three important areas of support: trend line, moving average, and Fibonacci. It has also made this pullback on lower volume, which is bullish.

GLD

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