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Tuesday, March 10, 2015

Gold Resistance and Support Levels - Three Key Charts to Watch

Resistance and Support Levels for the price of gold and its ETF GLD.   Gold may be bottoming at a support line I pointed out in my January 2014 article.  Feel free to voice your opinion at my Facebook group.

CDs are also a way to wait for higher rates... as unlike bond funds, you won't lose money in the short term if interest rates go up AND you can get higher rate CDs when yours mature.  I'd go with 1 or 2 year CDs as my guess is interest rates will be higher in the near future

Gold chart

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