$Gold Weekly

The weekly gold chart closed just above the continuation pattern I had pointed out this morning forming in GLD. As it turns out, I had to move the lower line for GLD a couple of times.

In the $Gold weekly chart, that lower line was not yet tested by this week's move, even in after hours trading.

Kitco has a real-time gold price chart that you can arrive on by clicking on the larger 24-hour chart.

http://ow.ly/l9h0a

For the weekly chart to show a change in direction, the downward momentum on the ADX has to turn around completely:

http://scharts.co/13abnbR

-F6