Stock Technical Analysis: Gold (GLD) Breaks Out of Triangle Continuation
02. Sep, 2009 
3 Comments
SPDR Gold Trust (GLD) broke out of its symmetrical triangle continuation pattern today. This is definitely a good news for the bulls holding their long position. It’s still too early to say whether this will hold or not, but I am going to keep an eye on gold for the next few days. If this break out is real, I’m looking to go long here. I’ve been patiently waiting for GLD’s break out, and I’m ready to take advantage. Now, it would be better if you know the ins and outs of buying and selling gold before you jump into the business. So make sure to do your homework.
For the explanation of symmetrical triangles, go here.
Gold price has gone sky high with the global crisis because gold is the only “solid” resource that can actually compensate inflation. Printing money is a solution as well, but that will increase the inflation rate, but gold will always a solid asset. People who invested in gold before the crisis will have a lot to win today.
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How Sell Gold
Gold price has gone sky high with the global crisis because gold is the only “solid” resource that can actually compensate inflation. Printing money is a solution as well, but that will increase the inflation rate, but gold will always a solid asset. People who invested in gold before the crisis will have a lot to win today.
__________________________________________
How Sell Gold