Schulz on Market Cycles                                     Richard Schulz

Gold Technical Charts

GLD  Daily  11/25:

     There are combinations of the MACD variations with the ma's that yield reliable buy/sell/reversal zones.  The buy of GLD on the 11/10 close came from the technique, and gave a relatively low risk buy, seemingly in the midst of a relentless decline.

     Now GLD is up against overhead resistance--the longer 49ama and 64ema.  The 12/16 ama combination will provide support near 113.33 (&rising).  There is no impelling reason to exit/reverse yet; just gradually raising the stop.