Monday, January 17, 2011 7:58:16 PM
Gold and Silver warning
http://gicharts.blogspot.com/2011/01/gold-and-silver-warning.html
SPDR Gold Trust ETF (GLD) and iShares Silver Trust ETF (SLV) chart analysis ;
1) Using on both charts the support level (light grey) and their simple 50 days MA.
2) If you decided to go short on both, focus on the stop loss level
3) GLD shows a triple top ....
4) SLV shows a head and shoulder ?
5) Target on both ? 200 days simple MA ?
Not jumping to conclusions yet, but we do have a first real sign of a potential bearish reversal.
Posted by Moise Levi
http://gicharts.blogspot.com/2011/01/gold-and-silver-warning.html
SPDR Gold Trust ETF (GLD) and iShares Silver Trust ETF (SLV) chart analysis ;
1) Using on both charts the support level (light grey) and their simple 50 days MA.
2) If you decided to go short on both, focus on the stop loss level
3) GLD shows a triple top ....
4) SLV shows a head and shoulder ?
5) Target on both ? 200 days simple MA ?
Not jumping to conclusions yet, but we do have a first real sign of a potential bearish reversal.
Posted by Moise Levi
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