Interesting patterns

Gold (GLD ETF for gold) has an interesting pattern (click on the chart to enlarge it).

Patterns. The trend line is clearly up. The other pattern is the attempt of GLD to move above the resistance level of $122.

If GLD does go above the resistance level it may signal the resumption of GLD bull
move.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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