Thursday, January 30, 2014

GLD - 20 day 30 minute bar with Weekly Pivots

GLD chart

Well GLD and Gold had an interesting day gapping down due to some major banks selling derivatives to China.  But here again this is where Pivot levels play such a part in trading.  Take a look at the chart above as it speaks for itself on the affinity of the Weekly Pivot S2 level which held as support for today.

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