Admittedly the excitement is in the 'saving of the free world' last night, but instead of talking about broad financial developments I only want to present a brief look at Gold via the GLD (the World Gold Index).The weekly chart (not shown) just completed a TD Sequential countdown and thus has given permission to ‘short’ the daily chart. Note that ‘short’ may just mean ‘exit’ for those whose only positions are long or out. The daily chart is shown.
As on the weekly we have just completed a sequential countdown on the daily. The execution signal would come on a price flip (currently down at 1169.20 - which would be a close less than the close four bars previous) as long as we don’t close above the stop (horizontal dashed cyan line) at 1236.80.
No comments:
Post a Comment