Monday, April 26, 2010

GLD, GDX 60 min charts - 2010-04-26


  • both are in the 61.8% FIB retracement region
  • both are in rising channel
  • both are are hitting medium term falling resistance line
Trading Plan Entry Points:
  1. Breakout above medium term falling resistance line - look for confirmation of inverse HSH neckline breakout
  2. At the bottom of the rising channel line with a tight stop right below the bottom channel line

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