Gold ETF (GLD) made a continuation high move after the price broke the 140 resistance line.
The uptrend move from 135.23 low could carry up to 148.06-153.01 range to complete the full movement.
There is continuing inflation pressures from the Fed QE2 program and the continuing debasement of the U.S. dollar and the continuing unrest in the Middle East.
Many investors are buying gold as a hedge to keep their investments hold their value.
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GLD Daily Chart
