drchelsea1

GLD - BEARISH ASCENDING WEDGE, SUPPORT AT $145 NEXT STOP

Short
AMEX:GLD   SPDR Gold Trust

0. Notes to follow;

1. We logged a massive profit from this idea yesterday, and it is just getting started.

2. It will take time for the Gold Hedge to unwind. $1200 on GOLD itself, maybe $100 - $120 Zone, is the permanent sine wave support area and will head back there.

3. As predicted the double top at $150, and the Head and Shoulder Break today, as predicted, show the downside is path of least resistance here.
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