The Traderszone Network

Published in TZ Latest News 26 October, 2017 by The TZ Newswire Staff

Gold Miners Lose Price Support On Heavy Volume

The Dow Jones U.S. Gold Mining Index ($DJUSPM) held price support on its late-September swoon, but that was not the case with the recent selling.  The reason?  It’s probably the reverse head & shoulders breakout on the U.S. Dollar (UUP).  A rising dollar normally sends gold prices (and gold miners) lower.  Check out these recent technical developments:

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