GLD and SLV Technical Picture for November 2014

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The Gold SPDR (GLD) surged almost 3% on Friday, plunged over 2% on Monday and advanced 1.43% on Tuesday. There may be some support in the 110 area and the ETF is still quite oversold, but the bigger trend is down and this is the dominant force. I will leave first resistance in the 115 area.

 

GLD_SLV_TEchnicals_November_2014

 

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