GLD is hitting a BUY levels based on Smartp Risk Model for GLD.

– From an entry point of view, one could wait for a double bottom on dailies or if one is aggressive enter on 1/26-27 with a STOP LOSS at the 124-126.21 band
– Next target on GLD is 141.5-142 to be achieved before end of April 2011
– This should equate to 1457 on GOLD futures based on current contract
– RSI trend broke on dailies but this typically means another wave higher. At the next high Gold may be done for a few months and could correct deep to 102.25-107.78 levels this year. Will update based on the initial forecast coming true.

Good luck!