Where is GOLD going?

[timw]

According to my (modest) AGET charting abilities, February Gold has hit a minor MOB resistance on both Daily and Weekly timescales.

There is also Oscillator divergence on both Daily and Weekly charts, the first requirement for a Type 2 trade.

I know that some of the other signals are more bullish.

What does anyone else think?

Many thanks!

[MR]

I, too, have seen some resistance. However, Gold continues to exhibit resiliency and 'bullish' tendencies. IF I see a profit-taking pullback, evaluating various Gold or precious metal stocks, commodities, in hopes of identifying the strongest daily and weekly charts for possible Type 1 Buy scenarios.

[Guest]

Index or stocks

Is there a gold ETF that you can trade?

[MR]

I am not 100% sure if there is yet an actively traded Gold ETF here in the US? There is one in the Australian and London exchanges, and one is suppose to be coming soon in NYSE, if it hasn't started yet? Here are some links you can explore for some more details about Gold ETF's--

http://goldeconomy.com/indexETF.html

http://www.mips1.net/mgan.nsf/0/85256C3300290CD485256DD4005FA1CA?OpenDocument

http://biz.yahoo.com/ifunds/031105/20031105_goldetf_new_etf_st_1.html

[MR]

Just a simple follow-up on gold questions and comments made at the beginning of this thread....