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.
Interpreting the gold breakout
May 15, 2021 at 13:25 PM EDT
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.
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.
