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December 24, 2009

Gold Chart (GLD) – Facing Hurdles

Filed under: ETF - 24 Dec 2009

I charted the gold ETF GLD December 24th around 10:00 am.  GLD has broken through two of its longest trend lines recently and the lower of those lines, the one that was the trend line of higher lows, could become resistance, giving …

December 15, 2009

Gold Chart (GLD) – At Potential Support

Filed under: ETF - 15 Dec 2009

I charted the gold ETF, GLD, after the markets closed on Wednesday, December 15, 2009 when it finished the day at $110.21.  GLD is sitting at potential support by a few measures, but that doesn’t make this the right time …

December 8, 2009

Gold Chart (GLD) – More Room to Fall

Filed under: ETF - 08 Dec 2009

I charted the large Gold ETF, GLD, this afternoon and see more room for gold to fall.  GLD was trading at $112.14 when I drew the chart below and is very close to touching a new potential line of support, …

September 9, 2009

Gold Chart (GLD) – Near Top of Trading Channel

Filed under: ETF - 09 Sep 2009

I charted GLD, a major gold ETF this morning before the markets opened.  Yesterday GLD closed at $97.43 after topping out at $98.64.  The two parts of the GLD chart that stand out most to me are that GLD couldn’t …

May 22, 2009

SPDR Gold Trust (GLD) – 6 Month Weekly Chart

Filed under: ETF - 22 May 2009

I charted the past six months of weekly price movement for the SPDR Gold Trust (GLD) before the markets opened on May 22, 2009.  It closed at $93.85 on the 21st. 

GLD moved above its 10 and 20 week moving averages …

April 6, 2009

Gold (GLD) Chart Cracks – 4/6/09

Filed under: ETF - 06 Apr 2009

I charted GLD, a major Gold ETF, at 2:00 pm on April 6, 2009 to show the daily price changes for the past three months.

GLD broke below its trend line of higher lows three days ago and did not recover …