Gold ETF morning 7/12/2010

The Gold ETF remains above the 13-Day SMA and the Parabolic SAR. Until it breaks one of those, it must be presumed to be in an uptrend.

The Daily MACD is still above its signal line. Another indication that the stock remains in an uptrend.

Last night, in America, Gold in Ozzie Dollars rose strongly - getting a double whammy from a rise in the US$Gold price and a fall in the Ozzie Dollar.

The Gold ETF may be setting up for a test of the recent high at 141.6.

Cheers

Red