Gold is Knocking on a Key Breakout Level

Gold is Knocking on a Key Breakout Level

For the past 5 years, Gold prices have traded sideways. There were plenty of “trades” to be made, but that type of price action tends to grind out long-term bulls and bears. You can see this in today’s “monthly” closing chart for Gold (shown below). Gold bulls caught...
Gold; 8-Year Breakout Attempt In Play!

Gold; 8-Year Breakout Attempt In Play!

Since the 2011 highs, Gold futures have created a series of lower highs and lower lows inside of falling channel (1). The rally since the lows in 2016 has Gold facing the top of its 8-year falling channel at (2). This test comes into play as resistance for Gold,...