Gold Breakout Not Confirmed Yet

Source: Jordan Roy Byrne Published on Wednesday, July 1 2020
Related articles and keywords:   Gold
Jordan Roy-Byrne CMT, MFTA Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold’s strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currencies, has not broken out. This move has been driven mostly by dollar weakness.It is possible other mark
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