Tuesday, December 22, 2009

Update for Gold ETF, 22/12/09























Gold ETF remains within the confines of a well defined symmetrical triangle.

For a buy signal, look for:
  1. A break above the down trend line
  2. A break by the MACD above its signal line.
For a sell signal, look for:
  1. A break below the up trend line
  2. A break by the MACD below the Zero line.

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