Gold Lower ? … Not Yet

Mid Session

Gold (GLD) Pivoting Higher

The last update on gold (GLD) has us expecting an up-thrust (reversal) condition.

Even though price action immediately pushed away from the resistance area, there’s still a possibility GLD is on track to recover and move higher.

Downward action in GLD has stalled and looks like it’s building energy for an attempted breakout.

If and when we get an up-thrust … that’s the time to expect fireworks in the mining sector.

Stay Tuned

Charts by StockCharts

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