Gold: Rally To Fail?

08/29/2008 12:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

Gold is trying to rebound as GLD reached support in $75-77 creating a short term oversold condition.. First resistance in the $85 area and the 200 day ma with more important at $88-90. This rebound should fail and then expect a drop below the recent lows with next good support in the $70 area.
  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...