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The Gold/Silver Index (XAU) has struggled over the past 18 months, under performing the S&P 500 by more than 30% in the past 12 months. Is its relative weakness about to change?
The XAU index may well be forming a Cup & Handle pattern with a test of the top of the Cup right now. If the XAU index breaks above the top of the cup, it keeps moving in the same direction of the past year!
Their is only one challenge to this chart…its upside down! This index needs for this pattern to fail, for Gold stocks to move higher!!!