As you can see on chart, GLD is near important support level. I closed my Gold shorts (via Ultra short ETF for Gold - DZZ) on Friday.

I am now waiting for bounce which allow me to enter new trade in gold - I expect that such bounce could offer good short setup for swing ETF trade

This entry was posted on Sunday, August 10th, 2008 at 4:40 pm and is filed under ETF analysis, ETF trade setup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.