Monday, June 28, 2010

Gold ETF - 28/6/2010

On Friday, the Gold ETF gave a provisional "buy" or "add" signal.

Today's action makes no change to those signals. Today's candle is an inside day, still above horizontal and diagonal support.

It is locked between the 9/18 SMAs. A break above the 18DaySMA by the 9DaySMA would be an "add" signal.

A break by the daily MACD above its signal line would also be an "add" signal.

Continue to watch closely.

Cheers
Red

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