Gold’s ‘Deteriorated’ Technical Picture
Posted on May 11, 2012 at 13:51 PM EDT
Gold snapped a three-day losing streak on Thursday. But the metal is down a hair this morning, pulling the SPDR Gold Trust (GLD) down 0.3% at the moment. Gold’s month-to-date loss as of yesterday: 4.11%, a move that has some gold bulls seeing a difficult technical picture. We’ll get a look into speculative traders’ recent [...]
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