Gold ETF - 21/6/2010

Gold is still hanging on to the precipice by its finger-nails.

The 9/18 SMAs are still positive.

The MACD, although below its signal line, is still above zero.

RSI is still above its mid-line.

Slow Stochastic has crossed above its signal line and above the 20 line. That's bullish.

A break below the supporting trend line on the stock chart would probably be the death knell for Gold. But that hasn't happened yet.

Cheers

Red