Just a quick chart update, this time for the COMEX Gold active contract (GCM7). COMEX is where the big guys like to hang out.
Platinum ETF might be issued in Switzerland
Daily chart - COMEX June Gold 100 OZ Contract (GCM7)
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2 comments:
GLD today gapped below 5DMA and falled below 10DMA but now formed almost a good hammer. 2 Day RSI seems almost over sold. You think this is the end of pull back to work off the over bought condition, or is it going to test 20DMA and hit the lower bollinger band...? I guess time will tell...
Frank
I guess the market answered that one...
Let's see what happen next, I'm just riding my long term long position for now.
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