Gold And Gold Stocks Approaching Resistance

Source: Jordan Roy Byrne Published on Sunday, January 28 2018
Gold and gold stocks have enjoyed an excellent rebound since their December lows. Over the past six weeks Gold rebounded from a low of $1238 all the way to $1365 in recent days. The miners meanwhile rebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets are approaching important resistance levels and at a time when sentiment is becoming stretched and the US Dollar has become very oversold.Take a look at the charts of Gold, GDX and GDXJ. Gold has reached the September 2017 highs while
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