Gold is testing final resistance at $2063/oz. today, defining the upper bound of a wide long-term range, a breakout from which would be a bullish multi-year development, noting long-term momentum is now positive behind gold per the monthly MACD #fairleadstrategies pic.twitter.com/03pMnGmUXv — Katie Stockton, CMT (@StocktonKatie) May 4, 2023 Today’s Chart of the Day was […]
Chart of the Day – Tuesday, April 4th, 2023
Today’s Chart of the Day was shared in a client note by John Roque of 22V Research (@daChartLife). Gold is firmly above $2,000/oz. for the first time in more than a year, and it’s just 2.5% away from breaking out to all-time highs. It booked its fifth highest daily close on record today, after closing at an all-time high on a monthly, […]