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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 462.40

-1.0%

Feb 10 4:00 PM EST

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From: ItsAllCyclical	8/11/2008 12:59:08 PM
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Next good support area for gold is around 790. Failing that maybe high 600's low 700's. Be very surprised if we get there without a decent oversold bounce. A bounce here to retest the breakdown at 850 is possible, but I don't think we test those levels after only 1 day of breaking down. I still see way too much denial for anything other than a good tradeable rally.

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