Gold (GLD) Gaps Up |
By Mike Paulenoff |
Published
12/21/2007
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Futures , Stocks
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Unrated
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Gold (GLD) Gaps Up
The streetTracks GOLD ETF (GLD) gapped up this morning and has pushed up through its November-December resistance line at 80.00, which if sustained should trigger upside acceleration from the bullish triangle pattern that has developed during the past 7 weeks, and which projects an optimal target zone of 85.00-86.00.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.
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