Gold Nov 16,2008

the gold ETF, GLD, has triggered a sell signal to 64.70 on the daily.  That sell signal would be void upon taking out the swing high at 76.39.  the weekly pressures are very over sold, so this is risky trade.

short term – a trade below 72.48 would have a PO1 of 70.66.  A trade above 74.41 would initiate a long trade to 75.87 PO1.gld1

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