Gold (GLD) Oversold, Due For A Short Term Reversal
By Reuben L Sushman
March 12, 2010 1:54 PM
March 12, 2010 1:54 PM
Symbols: GLD
Gold Futures and the SPDR Gold Trust ETF (GLD) are oversold technically on the day.
Gold Futures have closed down $6.20 in pit trading for the day. GLD is down below $108.00 near the day's low in active trading.
According to Yahoo Finance it is one of the most oversold for Friday, March 12, 2010 and is due for a short term reversal. This comment and the analysis is based on research published in Larry Connors' book, High Probability ETF Trading.
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