Wednesday, January 24, 2018 1:13:58 PM
The SPDR Gold Shares (NYSEArca:GLD) have been ripping higher since December 12, 2017. At that time the GLD traded as low as $117.40 a share. Today, the GLD is trading at $128.47 a share and it still looks strong. So where is the resistance level for the GLD? Traders must now watch for chart resistance around the $131.00 area.
The weaker U.S. Dollar Index (DXY) has also been a catalyst for the GLD rally, but that could be changing soon. The U.S. Dollar Index is now coming down into some important support levels. Any rally in the U.S. Dollar Index will likely hurt the GLD rally.
Nick Santiago
InTheMoneyStocks
Recent GLD News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
