Source: morpheustrading: Breakdown in $GLD

Breakdown in $GLD

Part 2 – How To Profit From The Break Of 6-Year Uptrend in Gold. This article is the follow-up analysis to our original March 18 blog post highlighting this bearish swing trading setup in $GLD: http://blog.morpheustrading.com/2729

Image added from morpheustrading.com/blog/p...ort-gold-gld/

Comments

toad37

very nice 4/14/13

Helmsman

Not sure you are getting your bounce! Nice chart! 4/15/13

Morpheus Trading Group

Yeah, based on this morning's action, looks like it may end up being tough to get a bounce to near the breakdown level. However, I would still settle for a bear flag to form. 4/15/13

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By: Morpheus Trading Group
On: 4/14/13 9:21PM

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