Gold & Gold Stocks Ripping. What's Next?

Source: Jordan Roy Byrne Published on Wednesday, July 24 2019
Related articles and keywords:   Gold Stock - Gold - Gold Stocks - Stocks - Stock
Jordan Roy-ByrneIt was a huge week for the gold stocks. GDX gained nearly 7% while GDXJ surged over 10%. Gold hit $1450/oz after Thursday before selling off Friday. Silver met the same fate on Friday but managed to close the week up over 6% and at a new 52-week high. Let’s take a look at the current technicals.Gold closed the week just below $1427/oz. If it remains above $1420-$1425, then it is likely to trend towards $1475/oz, which is the only resistance between $1425 and $1525.If Gold trades
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