Sunday, November 13, 2011

GLD, GDX Starting Nov 14

Gold is pushing higher. This week it bounced off the profit area. I am looking for a push higher into the profit area. Next Buy will be above  previous highs or back down 200 day SMA and trend line support area.

GDX also bounced off the Profit area last week. I expect at least one more push in the red zone. Next buy are will be above the 65 are. For now I will look to continue to play the range between 64 to 54.

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