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Author:

Bryan Leighton

Subject:

Technical Analysis

Date:

11/24/10 at 10:08 AM CST

 

 

READ: 107

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Sentiment:

Buy

GLD Slides Lower. Watch This Support Area.

The SPDR Gold Shares (NYSE:GLD) are actually trading lower today by 0.21 cents to $134.20. The GLD is moving lower despite the weaker U.S. Dollar Index and the rally in most other commodity stocks. GLD will have short term intra-day support around the $133.75 area and more around $133.50.

By Nicholas Santiago, InTheMoneyStocks on November 24th, 2010 10:08am Eastern Time

 

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