Thursday, October 22, 2015

[GLD] update

Model from backlink was looking higher:



So while we did get higher, I have to model the potential resistance that could be here.   If this is going higher per EWI then it needs to break out of the falling wedge most riki-tik per the blue model.   If this does not happen, one way it might break down is per the red model which forms a DDT and then heads lower.   So we really are in a critical location here.

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