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Wednesday, 18 February 2015

Gold GLD ETF: 18 February 2015, Wednesday, 1.10pm Singapore Time

Gold GLD ETF: 18 February 2015, Wednesday, 1.10pm Singapore Time
Chart courtesy of Chartnexus.com

Attached above is the daily chart of SPDR Gold ETF that is listed in the NYSE, HKSE and SGX. Gold is widely available for trading/investment too.

Today's candlestick landed at the Super Support where a huge buy pressure is for Gold as well as XAUUSD pair.
The above black circle in chart is where today's candlestick is:
Added 1,200 shares of Gold ETF today at just slightly below US$116.00.
I am one of the major participants of Gold ETF for today as well, on the back of light selling volume.
This is part of the Gold accumulation I had been doing.

Market has closed for the day.
Gold ETF is in consistency with the Gold price movements.

I will be collecting and averaging down more Gold ETF investments (tonight Asia time) in the US market (NYSE) when it opens. 

Buy The Gold correction as reiterated based on Technicals.
Selling has been light, buying has been heavy.
Observe the timeline on chart above for the execution.

My major buys/longs on Lunar New Year Eve.


Donovan Norfolk Technical Rating on Gold (XAUUSD):
Bullish

All past Gold analyses over the years:
http://donovan-ang.blogspot.sg/search/label/Gold


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