Is The Price Of Gold In A New Downtrend Or Stabilizing?
Jul 9, 2021 ·
10m 13s
![Is The Price Of Gold In A New Downtrend Or Stabilizing?](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/118f4c3b190d31d5f0095db551392fc4.jpg)
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Description
In June the price of gold took a hit and fell from over $1900 an ounce down to $1750. It has since bounced back above $1800, but we saw a...
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In June the price of gold took a hit and fell from over $1900 an ounce down to $1750. It has since bounced back above $1800, but we saw a nasty down day in the middle of last week in mining stocks, although they bounced back Friday. How can we make sense of these gyrations on a technical analysis chart? Is this a new downtrend in gold and silver playing out or a simple stabilization?
I talk about these questions in this video.
To get on my free email list go here:
https://wallstreetwindow.com/two-fold-formula-stock-pick
My interview with Ike Iossif about his money flow indicators can be found here:
https://wallstreetwindow.com/2021/07/sp-500-xau-gold-stock-index-update-ike-iossif-money-flow-indicators-mike-swanson-07-08-2021
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I talk about these questions in this video.
To get on my free email list go here:
https://wallstreetwindow.com/two-fold-formula-stock-pick
My interview with Ike Iossif about his money flow indicators can be found here:
https://wallstreetwindow.com/2021/07/sp-500-xau-gold-stock-index-update-ike-iossif-money-flow-indicators-mike-swanson-07-08-2021
Information
Author | Mike Swanson |
Organization | Mike Swanson |
Website | - |
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