Gold: Top Here $GLD

August 24, 2012

haDelta provides again an indication for a short-term top here.

It’s worth noting how haDelta and heikin-ashi put Japanese candle patterns out-of-work: While Wednesday candle could have been associated with an immediate reversal (shooting star? gravestone doji?) following the uptrend, haDelta resisted heroically above its SMA(3).

Another reason to look at the advantages of the heikin-ashi filtering and trend technique…

 

Gold: Top Here.  $GLD  8/23/2012

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