19 May 2011

Buy signal for gold, but I'll wait some more

 


The trendline I have drawn for the ZKB Gold ETF (SIX:ZGLDUS) shows a buy signal, with the price closing above the line yesterday. However, the price has been falling again during the night, as show on the 15-minute chart on goldprice.org, and therefore I won't buy the ETF yet.


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