Gold and Heikin-Ashi: GLD

December 6, 2011

Gold is on everybody’s lips (figuratively speaking)…

The heikin-ashi candle chart shows a clear consolidation (slowdown of the uptrend) in the past four months.

SMA(3) is positive and as long as it will stay so, GLD (and gold) will remain bullish.

The minor crossovers haDelta :: SMA(3) are typical for a bullish market and should not be used to unload (big mistake) but to add to positions.

Gold and Heikin-Ashi  12/05/2011

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