Gold is roughly flat on day going into the July 4th weekend, tomorrow will be light volume with only a half day of trading. The SPDR Gold Trust (GLD, [stock GLD]) ETF is lower by 0.14% in the final hour of trading today while the
iShares Gold Trust (IAU, [stock IAU]) ETF is holding flat on the day. After gapping up on Friday has held the $15.49 a strong level of support. Price continues to trade above the T3 Tilson moving average while our specially designed RSI study is showing strength to the upside.
Price appears to making a run to resistance at $16.00 and $16.25. If price can break above $16.25 has good chance to run to $17.00. Consider looking around the $15.55 level with a stop $15.10, remember to consult your broker.
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