Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more.
The question now: Is a major breakout on the way for gold and precious metals bulls?
Looking at the chart below, you can see that a strong base has been built in both Gold prices and the XAU Index (Gold and Silver Miners). These bases look very similar and have take a few years to build… so IF both breakout at the same time, it would be rather bullish for precious metals.
This is a big spot for metal heads!
CLICK ON CHART TO ENLARGE
This post was originally written for See It Markets.com.
To see rest of Article and how the Silver/Gold ratio is testing 27-year support… CLICK HERE