Skip to content
June 18, 2009 / Jeb

Stop Loss for UXG (U.S. Gold)

GLD

We have a stop at 2.12.   Even though volume is lower I don’t like the price action and the volatility.  I hope it recovers quickly at the 50 day if not the technical picture would breakdown.  The real breakout was 2.76.  It never really broke out yet and may move laterally as it didn’t have the strength to break through that resistance.

Advertisements

Leave a Reply

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

WordPress.com Logo

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

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s

%d bloggers like this: