goodguy

Gold makes breakout of long term downtrend

AMEX:GLD   SPDR GOLD TRUST
92 0 3
This is a follow up to this chart from about 3 months ago. Hopefully the start of something big. But breaking a downtrend line can lead to sideways action, more down movement at a different rate, or up action. I favor the later.

In oversold territory on the daily RSI so would not be surprised to see some stalling or correction soon.
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