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Tuesday, July 19, 2011

Gold Bug on the Spree


Who wants to buy me a golden necklace, rings and everything gold for me.. SPDR Gold Index












Observation
1) Trendline - Uptrend Bullish
2) Formed higher high - Bullish
3) MACD -  Bullish Crossover formed and thrusting toward to 0 to be uptrend. ( Bullish)
4) RSI - Broke 50% and going up ( Bullish )
5) Sto -  Broke above 80%( Bullish)
6) ADX - weak momentum and Bullish
7) Candle Stick - White Candle 1x ( slight bullish)






0 Points







      7 Points







Conclusion


Winner BULL



Entry Price 155
Take Profit  at 159 and 163
Support at 150 ( Resistance turned support)

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