The Fred Report - Mid Week Update February 10, 2016
We think it is still possible that 196 – 198 could be hit. A rally that fails at 192 – 194 should lead to an immediate drop toward 175 or so. GLD has had an inside day at the 114 – area, which is indicative of a short-term top. Traders should sell any break of 113 with a view towards adding back around 109 – 108.
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