Gold ready to make a move upwards?
GOLD looks to have based and is potentially making a reverse head and shoulder pattern. More importantly, if it can follow through with a breakout over the longer term downwards trend, there is potential for an upside move (read: consider buying GDX). Additionally, the Dollar is looking weak and has already broken downwards. Watch closely to see if this was a false breakdown or a sign of gold to surge.
Penafian
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