Gold is trading higher in the after-hours session, up another percent, trading through 1330. The 30-minute technical chart, pictured below, looks poised to break higher here as prices look to move up and out of this multi-day range:
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If we zoom out to a longer term timeframe, say a 10 year, monthly chart, you will notice that price really starts to get thin up above 1400:
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If we do see a big breakout in gold over the next few months, here are my favorite gold miners: AG, EGO, HMY, SA. For a technical view of the industry, CLICK HERE.
Keep an eye on the shinny metal here.
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I thought AG is a silver miner
grabbed some ego at 4.60. thanks for the post, I had neglected looking at gold
dont forget the miner GFI!
This one’s moving up with increased gamma the higher gold goes