Interpreting the gold breakout
Did anyone notice the upside breakouts in both gold and gold mining stocks? In the short-term, gold may have to contend with overhead resistance at the site of its 200-day moving average (dma). While I am no gold bug, the breakout could be a technical signal of an intermediate bullish phase for precious metals.
Source: http://humblestudentofthemarkets.blogspot.com/2021/05/interpreting-gold-breakout.html
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