The Daily Gold, Released on 7/12/23

The advance decline line as of the start of the week was showing a positive divergence. There was a similar positive divergence in the advance decline line at the October 2022 and March 2023 lows in gold stocks. The Gold/Silver ratio has had a little breakdown below a rising trendline. Silver could test $26 if it surpasses resistance at $24.50 while Gold should test stiff weekly resistance at $1985 to $2000.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

  gold, gold miners, gold stocks, investing, Jordan Roy-Byrne