The Traderszone Network

Published in TZ Latest News 13 August, 2017 by The TZ Newswire Staff

Gold’s Outlook Is Suddenly Much More Bullish (GLD)

From Jordan Roy-Byrne: The outlook for precious metals has changed quite a bit over the last month.

In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has turned bullish and with the help of a correcting stock market precious metals could build on their recent rebound.

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