Saturday, November 13, 2010

Buy gold for Opex R test

GLD filed its gap.
RSI support too.

Just back tested /YG (gold fut.) on daily chart. It follows Opex pivots and should test next R pivot because it had closed above October Opex R pivot point. So, I see 1459.8 in nov. or in dec (currently showing as 1478) to be tested whichever happens first.

There is RSI support too.

I look into buying GLD calls on Monday.