Gold (GLD) Head and Shoulders Alerted Weeks Ago Plays Out To 1st Target Perfectly

April 7, 2009 by inthemoneystocks   comments (0)

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The chart below is of the GLD (Gold).  It shows a beautiful head and shoulders pattern with a key break down line which we alerted to our premium Research Center and Chat Room subscribers.  The neckline broke, thus giving way to our call of the 200ma on the daily GLD chart.  At that point we mentioned yesterday to look for a bounce on gold and with that a possible drop in the market.  Today both have happened.  The GLD (gold) has bounced and the markets have pulled back.  Enjoy and come join the growing grow of informed investors and traders learning the keys of technical trendline analysis, price, pattern and time.

 

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