Redback's Australian Stock Market Report
A daily report on the Australian Stock market and selected Australian stocks.
Wednesday, September 15, 2010
Gold ETF as at 15/9/2010
The Gold ETF has bounced strongly off the 150-Day SMA.
The Slow Stochastic is close to breaking above its down trend line.
A further move up by the Gold ETF would be a buy signal.
This would also likely be a negative for the XAO.
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The Gold ETF has bounced strongly off the 150-Day SMA.
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