I posted about Gold earlier today but it was on the GLD SPDR not the actual futures. On that chart almost everything posted pointed toward a downward movement. But what stumped me on the GLD SPDR, was that the MacD did not indicate a downward movement. So I thought I would look at the Gold futures to see what the indicators were saying because usually the SPDR follows the future (usually not always).
Well, the Gold future MacD is indicating a downward movement, so that makes me a little bit more confident about the SPDR making a downward movement. It will not be a strong downward movement as the ADX of the DMI is hovering around 12 but that could always move up.
I trade the SPDRs right now as opposed to the Futures due to less risk.
Well, the Gold future MacD is indicating a downward movement, so that makes me a little bit more confident about the SPDR making a downward movement. It will not be a strong downward movement as the ADX of the DMI is hovering around 12 but that could always move up.
I trade the SPDRs right now as opposed to the Futures due to less risk.