Gold and Euro updates (23 Sept 2008)

Another day of solid gains for GLD, but still can't get past the 89.18 resistance. Not worth getting long positions due to the options volatility, one of the highest of the year.

Lets see what we have.... It looks like GLD is due for a slight pullback before it can advance further.


The Euro made it to 1.49 today, but this level showed signs of heavy resistance. It is possible for the Euro to trade sideways or pullback further.