Gold Stocks Break Out
By GCRU Gold News on Monday, April 11 2016, 23:39 - Permalink
If the breakout is indeed genuine, the former lateral resistance levels indicated in the charts above should turn into support; moreover, the gold price should indeed confirm the move by breaking out with a lag. There is still a technical “price attractor” for gold just above the $1300 level from a previous rally attempt that found resistance there in early 2015.