Saturday, May 15, 2021

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.

This week, I explore the bull and bear case for gold and the macro implications of this upside breakout.

The full post can be found here.

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