Yet Another Look At GLD

GLD is having a great day at +3% so far.  Even before today it was having a very nice run off of its near term lows around $115.  While its all sun and fun for GLD right now, notice the resistance box starting at around $130 and extending up above $143.  GLD could very well continue to gather steam and blow right through this zone… or it could reverse and descend anew toward the lows.  Whichever side of the gold debate you happen favor, keep these levels in mind and trade accordingly…

GLD 22July2013

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