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Gold: Watch This Double Bottom

Published 10/03/2013, 03:50 PM
Updated 07/09/2023, 06:31 AM
GC
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Expect some resistance overhead at the $130 mark. Also notice the double bottom formed over the past two months.

If $130 breaks, I expect it to run to $137.50 at a minimum.

Here's the Gold (GLD) chart's technical analysis
SPDR Gold Trust
Source: Stocking Gold

Latest comments

thats not a double bottom... xD!
thats not a double bottom... stockcharts . com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_revers
Hello, Mr. Mallory; on a lighter note.......Are, I-pods, I-pads, or Smart phones, they selling with g o l d trimmings, yet ?
Mr. B. S. Bernanke's Departure From The FED, Brings Markets, Back, To Normalcy........The Victim , So Far, Is The Citizen, ON FIXED INCOME.
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