A free collection of entry and exit signals to help the trader decide when to be long or short, or ride the sideway waves
Friday, October 18, 2013
2013/10/18 GLD Gold ETF - facing strong upside resistance by Fibonacci Cluster
GLD Gold ETF - although GLD has broken out of a decending wedge yesterday, it is facing strong overhead resistance by a dense Fibonacci Cluster. If the 127.6 - 130.3 cluster zone can be cleared, there is plenty of room to the upside, with the extension targets:
Extension target 127.2%: 141.92
Extension target 161.8%: 147.41
Labels:
Fibonacci,
Fibonacci Clusters,
GLD,
Gold,
midterm,
resistance,
Targets
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment