Friday, January 2, 2009

Gold (GLD) vs. US Dollar (UUP) Inflection Point Coming Soon... (Charts)

Today the market roared 3%. Everything was up except Gold ($GLD). At this point there could be big moves coming for both $GLD and $UUP (US Dollar ETF). Some think gold will reach $2000 this year others think gold will retest lows. Big money will be positioning itself in January. Here's some technical analysis for both ETFs click charts to enlarge. These ETFs look positioned for a trade so watch volume on trend breaks. -@dvolatility

UUP (Bullish U.S Dollar ETF)


GLD (Gold ETF)


US Dollar:Gold (Futuresource.com)




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