IAU (GLD, GOLD) long for a bit, bounce, then long for 2015?
I wouldn't be surprised to see a bounce off this resistance around Nov. 5th.
After the bounce, I'm hoping that we see it walk down this dashed channel line down to the solid upward line around Dec. 17th. After that I'd like it to break that horizontal support and start a new uptrend, but wouldn't be surprised if it sluggishly dances around a bit waiting for the new year to really start a new move.
After the bounce, I'm hoping that we see it walk down this dashed channel line down to the solid upward line around Dec. 17th. After that I'd like it to break that horizontal support and start a new uptrend, but wouldn't be surprised if it sluggishly dances around a bit waiting for the new year to really start a new move.
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