Mike Paulenoff
11-09-2006, 12:28 PM
The GLD continues its powerful upmove to a recovery rally of 63.09. In so doing, the price structure has filled the remaining gap left behind during the Amaranth plunge – beginning on Sept. 7 with the gap down from the Sept. 6 close at 62.85.
If the GLD holds its gains despite filling the gap – and closes above the gap, then we should expect upside continuation to my next measured target zone of 65-66.
Read more and view the technical chart analysis at http://www.mptrader.com/markets.php
If the GLD holds its gains despite filling the gap – and closes above the gap, then we should expect upside continuation to my next measured target zone of 65-66.
Read more and view the technical chart analysis at http://www.mptrader.com/markets.php