Thursday, January 29, 2009

GLD - GOLD / ORO


English-
GLD- (weekly chart) The gold etf. Bounce on support level of 70.00 and regains the uptrend line. The play is to buy the breakout above the resistance line (yellow) which we believe will lead to a test of the 95-100 level. A pullback to the uptrend line (blue slope line) is also a good area to buy for a swing trade back to 89.00.


EspaƱol-
GLD- (grafico semanal) El etf del oro. Rebota desde el soporte de 70.00 and regressa por encima de la linea de tendencia alcista (linea azul alcista). La estrategia es de comprar la ruptura por encima de la resistencia (linea amarilla) con el objetivo a medio plazo de los 95-100. Un pullback antes de la ruptura a zona de los 80.00 que es la linea de tendencia alcista, es una buena area para hacer un swing trade con objetivo de 89.00 de nuevo.

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