Price of commodities has soften a bit and gold has not been spared the downward move.
streetTRACKS Gold ETF has moved down from a its July high and is now below its 50 and 200 day moving average. It is currently in “Distribution” mode and looks like to move into “Bearish” phase.
It has stayed in “Distribution” mode for 14 days in a row, not a good sign for the Bulls.
streetTRACKS Gold ETF has moved down from a its July high and is now below its 50 and 200 day moving average. It is currently in “Distribution” mode and looks like to move into “Bearish” phase.
It has stayed in “Distribution” mode for 14 days in a row, not a good sign for the Bulls.
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