TLT) ($104.22). The Treasury ETF is below its 50-day simple moving average 106.84 with the 200-day SMA a strong resistance at $116.04. The weekly chart shows an oversold condition with the 200-week SMA at $107.68. The Aug. 21 low is $102.11 with a monthly pivot at $105.75 and annual risky levels at $116.26 and $120.42. My semiannual value level lags at $92.32.
Read: HP's Still a Value Trap Comex gold ($1403.0) set at tradable low on June 28 at $1,179.4 the Troy ounce. The daily chart shows an overbought condition with the 50-day SMA a support at $1,313.3 and the 200-day SMA a resistance at $1,503.5. My new monthly value level is $1224.6. The weekly chart profile is positive with the five-week modified moving average a support at $1361.5 and the 200-week SMA a resistance at $1,471.9. My first annual risky level is $1599.9. GLD) ($136.42). The 50-day SMA is a support at $127.01 and the 200-day SMA is a resistance at $145.47. The weekly chart is positive with the five-week MMA a support at $131.78 and the 200-week SMA a resistance at $143.21. My annual risky level is $153.45.