Schulz on Market Cycles Richard Schulz
Gold Technical Charts
GLD Daily 11/25:
There are combinations of the MACD variations with the ma's that yield reliable buy/sell/reversal zones. The buy of GLD on the 11/10 close came from the technique, and gave a relatively low risk buy, seemingly in the midst of a relentless decline.
Now GLD is up against overhead resistance--the longer 49ama and 64ema. The 12/16 ama combination will provide support near 113.33 (&rising). There is no impelling reason to exit/reverse yet; just gradually raising the stop.