XAU – Gold Stocks Test Long Term Support 072308

by Online Stock Trading on July 23, 2008

The XAU is testing the long term supporting trendline from August ’07. I’m looking to go long AEM if I get a buy signal, and XAU holds the 178 area. Ideally, I’d like to see the XAU lose that trendline support, and recapture it by day’s end.