Market Timing Brief for the Gold ETF (GLD) Close On 1-31-2014: Metals Rally Falters

A Market Timing Report based on the 1-31-2014 Close published Sunday February 2nd, 2014

The resistance line I pointed out last Sunday in fact held gold (GLD) back. Gold failed to respond to rates falling further this past week, easing back on Thursday and Friday.  Support must hold, even if tested, at 119.11.  Until then, the rally is still intact.

Here’s the chart:


Gold fails to rally on rates falling toward the end of the week.

To keep up with my latest thoughts on gold on my access page, you’ll need the password, which you can get here:

Free Subscription to My Newsletter Out Sunday Night

Standard Disclaimer: It’s your money and your decision as to how to invest it.

Follow Me on Twitter Here

I thank Worden Brothers for the chart system I use to post these charts.  If you want to know more about the charting system I use every day, go to my “Other Resources” page here:  Other Resources   It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.

Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.

Copyright © 2014 By Wall Street Sun and Storm Report, LLC All rights reserved.

This entry was posted in gold, investment, metals and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.