GOLD Breakout? Where?
Looks to me like GOLD is having a very hard time breaking out above the upsloping resistance line going back 3 years….
Bounced off it twice in the last few days.
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* FUCK
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WE ARE
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TOTALITARIANISM
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* WALLGREENS POSITIVITY RATE
* POWERFUL ANTI CANCER DRUG
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* 34% OF CANADIANS UNVAXXED
* DIFINITIVE ARTICLE
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NATURAL VS ARTIFICIAL IMMUNITY
*DECODING THE NWO
PRE EXISTING T CELL IMMUNITY
THE SPANISH FLU OF 1918
THE ORIGINS OF COVID
POSTING INFORMATION
I’d have to agree with you after looking closely at the weekly and monthly charts both for GLD and $Gold. Interesting.
Using a line chart makes it more obvious.
Yes, a linear chart shows a breakout, but on relatively low volume, which makes it suspect. I’ve always been taught (Edwards & Magee) that breakouts on low volume are suspect. From another source: “Breakouts are suspect if they do not occur on high volume (compared to average daily volume).” In this case the log chart shows no such breakout, thus one has to conclude it did not yet happen.
No excitement from me until we break through the $1400 region.