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GLD : Gold Update 05/08/2014

|Includes:SPDR Gold Trust ETF (GLD)

GLD finished the day unchanged. I expect to see a bit of sideways movement before our eventual breach of the primary target of 123.00.

High:124.37

Low:123.97

Prim. Target:123.00

Alt. Target:128.25

(click to enlarge)Click to enlarge

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in GLD over the next 72 hours.

Stocks: GLD