Is It Time To Buy This Gold ETF Now? Here's My Technical Take On $GLD... [View instapost]
Hi Welt,
Thanks for your comment. Yes, actually when the 200-day MA starts sloping up, that will indeed confirm the reversal of trend.
Yesterday, with the little shakeout in gold, we now have an even lower-risk entry point into $GLD or $DGP, which can now be bought just above the Aug. 29 high, with a stop below that day's low. I like clearly defined swing trading entries like that.
Thanks for the review of my book. I appreciate it. The follow-up to this book, Advanced Technical Analysis of ETFs, will be published in August of this year.
Is It Time To Buy This Gold ETF Now? Here's My Technical Take On $GLD... [View instapost]
Thanks for your comment. Yes, actually when the 200-day MA starts sloping up, that will indeed confirm the reversal of trend.
Yesterday, with the little shakeout in gold, we now have an even lower-risk entry point into $GLD or $DGP, which can now be bought just above the Aug. 29 high, with a stop below that day's low. I like clearly defined swing trading entries like that.
Cheers,
Deron
Book Review: 2008's 'Trading ETFs' [View article]