From a Failed Breakout to a Failed Breakdown

Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. It is currently up $88/oz or 5.6% this month, while the S

Dans la même rubrique