Enduring Short-Term Pain For Huge Upside In Gold

By Jordan Roy-Byrne of The Daily Gold
Thursday, April 7, 2022 5:46 AM EDT

Image Source: Unsplash

A technical outlook on the recent corrective action in the precious metals sector, while still in the context of a longer-term secular bull market. On the daily and weekly charts, after a solid move higher in Q1, both gold and GDX failed to breakout above key resistance areas and got overbought, showing they needed to bullishly consolidate these recent moves before the next leg higher.

Video Length: 00:15:37

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