Jordan Roy-Byrne: The Key Support Level for Gold & Gold Stocks (GDX)

The Daily Gold, Released on 1/15/21

There is a specific moving average that has provided historical support for Gold during bull markets in the 1970s and 2000s. There is also a specific moving average that has provided support for gold stocks. It appears Gold and GDX could test and bottom at these moving averages.

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.

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