GLD - Big Breakout over 130 today

[Emetel]

I bought GLD 130.40

[emuiato]

Gold has broken several layers of resistance. I'm still bear for a long term sentiment, but bull in this short term bounce off the 1269 level and the weekly 50% fib. Foreign data keeping this in play for the bulls. If the dollar remains weak then I would expect gold to retest the 1424 levels. Any break of that level will change my sentiment on the longer term.

[ENURBCUNDACER]

Gold has broken several layers of resistance. I'm still bear for a long term sentiment, but bull in this short term bounce off the 1269 level and the weekly 50% fib. Foreign data keeping this in play for the bulls. If the dollar remains weak then I would expect gold to retest the 1424 levels. Any break of that level will change my sentiment on the longer term.

[eoggjpah31]

Gold Futures traded up to a minor t/l on Friday and had a little pullback. I expect to see a continued pullback on Monday before testing the new area highs.

[Ererrulklag]

Any price area on the $GLD you like to take a long after the pullback ??