3/24/14 - Today SPDR Gold Shares (GLD) remained above its 50 and 200 day moving averages of $125.34 and $125.52 respectively, but just barely as shares traded as low as $126.03. GLD did not confirm the potential double bottom that had formed and is showing signs of retesting 52 week lows of $114.46.
3/1/14Gold Shares (GLD) Chart - The purple line is 9/6/2011, where the long term uptrend stopped, and long term downtrend began. Needs to rally above $137.20 to confirm reversal.
3/1/14Gold Shares (GLD) Chart - The purple line is 9/6/2011, where the long term uptrend stopped, and long term downtrend began. Needs to rally above $137.20 to confirm reversal.