Re: Gold/ Tight Range/Watch for a Breakout!/ *PIC*

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In Response To: Re: Gold/ Tight Range/Watch for a Breakout! ()

And Gold is not out of the woods just yet despite the breakout over its downtrendline. This Double Bull Gold ETF:DGP shows it clearly with price hovering under 39.40 resistance. Price must clear 39.40 to suggest a double top type of rally. A failure here would be very bearish with at least a retest of the recent lows. That could easily roll those lower technicals over and suggest a typical spring to summer selloff that often occurs. BIG TEST right here right now for Gold. Same thing with all the Gold Stock ETFS and other Gold stocks right up against resistance pts. See the lower technicals and moving averages last July and August are just like now.

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Re: Gold/ Tight Range/Watch for a Breakout!/ *PIC*

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