Gold preview?
Amidst the equity market rout on Friday, Gold made an attempt to break out.
The weekly chart shows a decent attempt to close higher than previous weeks (to months), but closed the week short of breaking out.
The daily chart reflects that attempt and the breakout was not sustained, although it clocked a higher high. Technicals appear to be turning bullish, but not just yet
Am left wondering if this is a preview to Gold starting a new bull run. If it is, then this may be the start of a multi-year upside run...
The weekly chart shows a decent attempt to close higher than previous weeks (to months), but closed the week short of breaking out.
The daily chart reflects that attempt and the breakout was not sustained, although it clocked a higher high. Technicals appear to be turning bullish, but not just yet
Am left wondering if this is a preview to Gold starting a new bull run. If it is, then this may be the start of a multi-year upside run...
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