Its Not Gold’s Fault….Just Following Trend

In this quick 5min video I breakdown Gold GLD show where trend has develop over extensive amount of time and what range you will see buyers come in……click on link to play video http://chart.ly/sjwwohn

Market Breakdown

Dollar/Gold/Crude/Nat GasDX(dollar)last week notes were neutral, but this week the pattern is setting up bearish with a break of 20day average, EUR/USD  trading in a very tight consolidation and it is setup for a bullish move, the weekly dollar chart is rolling over and their are bearish signals in the Jerk and squeeze =bearish, GLD  [...]

Market Breakdown

Dollar/Gold/Crude/Nat Gaswith all the moving averages under DX(dollar) given it support and the EUR/USD for a month holding support 1.368 and NO buy signal on the Jerk, absolute no trade here same as last week =neutral, last week notes in GLD charts was showing bullish activity, this week little less bullish and more sideways action [...]