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GLD (SPDR GOLD TRUST SHARES)
(GLD-NYSE):
Technical Viewpoint: From a low
of $166.71 on Nov 21, 2011 prices
rallied, reaching a
high of $170.80
on Dec 2, 2011. A
decline saw prices pull back, reaching a
low of
$148.27 on Dec 29, 2011.
Another rally saw prices penetrate
resistance, closing 1/25/12
at $166.42. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 5, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $160.00. Resistance: Is at $167.34.
Point & Figure: Reversed to the upside on Dec 30, 2011. A P&F upside
reversal takes place at $163.00. Summary: Technical indicators have turned bullish. BUY! GLD (Spdr Gold Trust Shares)
(GLD-NYSE) @ $166.56 Stop: Use a protective stop of $163.00.
GLD (Spdr Gold Trust Shares) is currently trading @ $166.42 plus $4.41 on Jan 25, 2012. Price Objective:
$199.00. Risk/Reward: $3.00 VS. $36.00. Today's Risk Reward Ratio: 12:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$199.00
Risk/Reward:
$3.00 VS. $36.00
Risk/Reward Ratio:
12:1
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