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Gold Under Pressure (GLD)
By Mike Paulenoff | Published  10/8/2007 | Futures , Stocks | Unrated
Gold Under Pressure (GLD)

The streetTRACKS Gold Shares (GLD) is under pressure today with the entire commodity complex, but the weakness has not inflicted any meaningful damage to the overall dominant uptrend off of the August low at 63.47. Only a break below 71.15 will begin to compromise my still bullish outlook.





Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.