Gold needs a weekly and monthly close above $1900 for a breakout. A breakout is when a market clears a critical resistance level and proceeds to launch higher. The breakout is the start of the move.
In this video, we highlight 3 indicators that will confirm a breakout in gold and a new bull run in gold and gold stocks. These are gold against foreign currencies, gold against the stock market, and the GDX advance/decline line.
00:09:33
Disclaimer: TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium ...
Disclaimer: TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium newsletter are intended only for informational, educational and research purposes only.
The information, facts, figures, data and analysis included in our publications are believed to be accurate, reliable and credible but nothing has been independently verified for its certainty. Also, facts, figures and data can change at any moment, thereby affecting past analysis and conclusions. The newsletter and website are not tailored to anyone’s financial situation and therefore do not, nor could they; take into account the needs, objectives and financial situation of its readers and subscribers. Readers are strongly encouraged to consult with a qualified financial advisor before making any financial decisions.