Wednesday, September 02, 2009

Quick Note: Gold on the Rise

Gold has been on my radar since the recent blog posting. Note the breakout in today's trade. This looks like a promising swing trade to the upside if we can sustain the move above the prior high in GLD the 95 area. A nice way to trade breakouts is to wait for the first pullback, see if the reversal runs out of steam, and then use that as an entry.