Wednesday, May 19, 2010

Gold ETF, 19/3/2010

Gold ETF continues on its parabolic rise. There's no way of knowing when such rises will end. But when then end, they usually end with a thump.

The RSI is flatlining, suggesting that momentum is slowing. But that's all that can be said at this stage.

Short term, I'd take profits at a break of the first horizontal level marked on the RSI. A break below that might end this current uptrend.

Please - do your own research.

Cheers
Redb

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