Gold’s New Breakout is Very Bullish: Here’s Why

by Mike ‘Mish’ Shedlock
Mish Talk

Gold hit a new high for the move to $1714 and a new closing high of $1707. Additional charts explain the significance.

Next Major Resistance

[…] Gold’s next major resistance points are $1798 then the all time high (in US dollar terms) of $1923.

It’s how we got here that’s hugely bullish.

Gold vs Commitment of Traders Report

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